Reversal trends and Overbought stocks
Interesting points that these charts above are showing, both stocks " ATHR and BRCM" breaking out of downtrend channel. I am keeping an eye on it !!
ADBE crossover yesterday dma200 but close below this level. According the chart above we can see that the stock is in Overbought Conditions so perhaps needs a Pullback to have more strength to break this key resistance area.
I think MOT is another example of lack of strength to break the $24 area.
That's All. Have a great weekend and good trading week !!!
AC
