SABA and NOVL
Chart courtesy of stockchartsShares of Novell rose today nearly to 2% even after a downgrade from S&P to Strong Sell. Looking at the chart stock still showing strength to move up with MACD above 0 again.
Shares of SABA fell more than 3% to 5.88 after the company lowered its outlook after lower-than-expected license revenue. Looking at the chart stock closed below 200 dma for the first time since December of 2006, which means a Bearish sentiment , however stock is now in oversold conditions, so probably we'll see soon some recover, but I'm still cautions.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!
AC
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!
AC
Labels: SABA
