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  • August 28th 2009

Stock Pick: Supply in SD

Not only do we have a great looking inverted hammer on increased volume, but we have a nice divergence in the MACD that would suggest lower prices for SD. If SD fails to move any higher on Monday and volume stays above average, we could very well see a triple top in this stock.

Look for a pullback to at least the $12 level and if support breaks we could be seeing $10.

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Alex Stewart

I am an MBA student with a degree in personal wealth management. If you have any questions at all, go to the contact page and send me a note.

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