Chart Request: Applera Corp - Applied Biosystems Group (ABI)

Here's ABI for Seamus:


Usually when i look at a chart the first thing I do is look for a moving average that's been a good 'fit' for the stock. Both the 20 and 50-day moving averages have provided support to ABI during its recent rally. So what strikes me now is that it just broke through the 20-DMA. Since I don't see much support between the 20 and 50 DMAs I think it could easily drop back to the 50 DMA. Also note the Bollinger Band squeeze.

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Quoted

"Wanting to make money in the markets without accepting there will be losses is like waiting to breathe but only wishing to exhale." ~ Ed Seykota
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This page contains a single entry by Michael published on December 18, 2005 7:29 PM.

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