Filed Under:
Tickers in this Article:

For today's chart we've chosen to look at RTEC because the bears have recently pushed the price below the short-term support of the 15 DMA . As you can see from the chart below, the 15 DMA has propped the price of the shares up several times over the past few months (illustrated by the white arrows), but now that it is below the next target becomes the 50 DMA.

To confirm a move lower we've added the MACD, which has recently crossed below its signal line. We'll keep a bearish outlook on this stock until we see the price test the support of the 50 DMA, or the MACD cross back above its signal.



comments powered by Disqus
Trading Center