Today's Opening - 68
Today's High - 68
Today's Low - 66
Today's Closing - 67
This is the lowest closing since 5th May, 2009 with low volumes for more than a month and fresh lows over the past six sessions.
The Negative Directional Index has been stronger than the Positive Directional Index since 4th Jan.
The 10-day Rate Of Change has been negative since 5th Jan.
The 10-day Momentum has been negative since 5th Jan.
The 2-day Relative Strength Index has continued to remain below 50% since 6th Jan.
The 20-day Commodity Channel Index has been negative since 6th Jan.
The 12, 26-day Moving Average Convergence Divergence has been negative since 14th Jan.
The closing has been below the 5-day Exponential Moving Average for the past six sessions.
This is the first time that I am writing on this stock. The stock has lost more than 17% in just the past one month and the strong negative Momentum indicates that the stock is not in any mood to take a breather and stabilize. The next support level for the stock is only at 37 and looks like the stock will be approaching it quite fast. Keep accumulating on dips.
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