Trade Idea - PMCS
Monday, June 30, 2008
Chart courtesy of stockcharts

The stock dropped more than $1 in the last three days. It looks like investors are getting pretty nervous over how earnings might play out and the recent news from its rivals were so bad that it will not for sure help the sentiment on stock. Looking at the daily chart the stock broke down on yesterday reversing a three-month uptrend. In addition MACD is also weak as MACD and signal line are below and are declining.First support is at $7.06 with stronger support down at $6.58. This stock is pointed south.

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 12:26 PM | Permalink


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