Chart courtesy of stockcharts

Shares of Circuit City were down again on Friday more than 1.85% to $8.51 after shares dropped 18% on Thursday after company said it lost $62.8 million in its fiscal second quarter on lower overall sales and continued restructuring activity. Looking at the daily chart, stock over this week breakdown an important support of $9.43 with an unusual trading volume that jumped to about 7 times its usual level. Stock is now in a bad technical situation without no support below, and with all indicators showing a big decrease in the investor confidence, as show RSI. MACD came back again below 0 with K line crossing to below D line, so for now no reasons to be Bullish in this stock, wait for the first signal.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.