Wednesday, July 28, 2010

Market Recap: Stocks Slip on Weak Durable Goods Data, Downbeat Beige Book - June 28

Market Recap: Stocks Slip on Weak Durable Goods Data, Downbeat Beige Book (Schafferresearch.com)

The DOW down for 40 points, or 0.4%. S & P down 7.7 points or 0.7%. NASDAQ 1% down.

My ATHR starts its down trend today, by close it went down 1.61 or 5.61%, with no significant news, big sell off today. As noticed, if the price broke 28, it is a free fall. The low BB band is around 26.65. Let's see how far it can go.

The only divergent is the mismatch of the STO and MACD. Big price drop with above average volume. a good indicator for the weakness of the stock. The 52 week lowest price is 23.56. 3.5 dollars more above that.

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