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Non-Tech : InvestRight Club Challenge

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To: Bruce Cullen who wrote (1805)5/4/1999 5:40:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 2662
 
Reason's behind ORG's short selling may be due simply to the technical situation. Here is what I found at Market Edge's Second Opinion:

Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a WEAK DOWNWARD TREND
Relative Strength is BEARISH
Up/Down volume pattern indicates that the stock is under DISTRIBUTION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is falling which is BEARISH
WATCH FOR RESISTANCE AT 11.78
Stochastics indicate stock is OVERSOLD

RECOMMENDATION

STOCK IS A SHORT SALE CANDIDATE; STOCK IS OVERSOLD; WAIT FOR RALLY TO SHORT STOCK, IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY
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