The stock is currently trading below its 200 SMA and its 50 SMA is also below its 200 SMA. This, coupled with the steady decline in volume, tells us that the stock is in a downtrend.
Now we also happen to have exceeded the upper bollinger band, which means we are 2 standard deviations above the 20 day mean. This indicates us that there is a pretty good chance that the stock will
head down in the following days.
Now we also happen to have exceeded the upper bollinger band, which means we are 2 standard deviations above the 20 day mean. This indicates us that there is a pretty good chance that the stock will
head down in the following days.