Deutsche Bank gaining momentum
Wednesday, October 31, 2007
Chart courtesy of stockcharts

Shares of Deutsche Bank were up today more than 3.5% to $133.76 after bank said its third-quarter net profit rose 31 percent and beat the company's own estimates, despite some $3.17 billion in writedowns stemming from the U.S. subprime loan crisis. Looking at the daily chart above, stock is trading in a downtrend momentum however indicators are showing some strength to move up again, MACD K line crossover D line and RSI is now in a comfortable Bullish zone. So, it's time to see, if stock will break one of the biggest resistance at $136. Keep an on Deutsche Bank for a possible breakout !!!

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.

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posted by Pro Investor Trader at 1:43 PM | Permalink


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