- IBM Chart looking quite bearish after a sharp run up.
IBM chart 02/07/2013
Here are the key factors:
- Bearish MACD cross over
- Opened gap that needs to be filled
- Overbought on RSI indicator
Sad Story for IBM Bulls
IBM chart 02/07/2013
Here are the key factors:
- Bearish MACD cross over
- Opened gap that needs to be filled
- Overbought on RSI indicator
so, when a company beats earnings and stock jumps, it always has to come back down to fill the gap????
No when a company beats earnings but it is still overvalued by a huge factor while the technicals start to weaken then that would be your reason for shorting.
May 5, 2010 at 2:42 pmYou might just be right . . . no-man’s-land (no connection to the movie genre of the same name) . . . is where we may stay for a brteaher . . . that is until the Russell Rebalancing!The real action in Siri now appears to be playing-out in the options arena . . how about an article on the current Call/Put volume/ratio, its relevance to common equity and the possible implications to share price over the near term.Then, would love to see something on the imminent Russell Rebalancing, forced-buying and any correlation you might be able to make (% change SP & volume) to the sell-off that followed Siri’s removal.Thanks Spence Reply