Unable to Break Above $44.5 -
In our last
report, we mentioned that the bulls were able to recoup the losses from the
February decline, but that they were facing the short-term resistance found
near the bottom of the gap, near $44.50. As you can see from the chart below,
this resistance proved to be too much for the bulls to handle, and the bears
took control again, sending the price back below the 100-day moving average.
The chart below continues to be a good example of the battle between the
bulls and the bears; so far, it doesn't seem like either party has an upper
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
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