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A specialty bio-therapeutics company
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Haemacure Corporation > Message
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Re: interesting technical indicator

Posted by: backdoorman on July 30, 2008 12:36PM

In response to: Re: interesting technical i... by 2kool

If you look at Hamacure's chart on Stockcharts you'll see a couple of things. First the 50 day average is above the 200 day average. Overall a bullish indicator. The trend is your friend. But on the bottom section there is the MACD (moving average convergence divergence). In essence if something is oversold or building upward momentum it can provide an excellent buy signal (buy low). In a nutshell both the black and red lines are below the zero line (oversold) and the black line is now overtaking the red line (upward momentum). Since my original post, we're up a penny and a half to 18 today (a 9% bump).

http://stockcharts.com/h-sc/ui?s=hae.to



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