Here's a chart of Century Aluminum (CENX)
Here's Nike (NKE) which is trading pretty much right on its 50-day moving average after disappointing earnings last night:
I got the following note about SNDK:
Can you tell me what the charts say for Sandisk (SNDK). Looking to short on any rally above 59 for a move lower to 55 or lower?
I see nothing in the chart that would tell me to short SNDK at 59. In fact, since it's clearly uptrending (it's above all of its moving averages) I'd say it's a buy-on-the-dips, not a stock to be shorting. I could see trying something like that if it was bouncing between 59 and 55 repeatedly but that's not the case...
And last but not least, I was asked about SIRI:
What do you think about SIRI? I have been playing the $6.50-$7 range for months now with trade triggers (ameritrade) but it seems to have more money flow on the sell side lately...is thing ready to go lower, or is my range still in tact?
It looks to me like the range is a bit wider than 6.50 to 7.00 -- more like 6.00 to 7.50.
ah yes...$6-$7.50 is the range. But I have tried that range. The $6.50-$7 range lets me trade a lot more frequently. Over the last few months I have learned it is more profitable to trade this thinner range weekly than the wider range monthly.
Thanks for the chart Mike.
Crush it/
SD