No. of Recommendations: 0
> For those wondering how successful you can be following a single technical tool, look at SZYM. It broke above the 20-day moving average nine trading days ago and, except for the following day, has been traveling south ever since.

http://stockcharts.com/h-sc/ui?s=SZYM&p=D&b=5&g=...

Your chart shows back in mid-October that SZYM "broke above the 20-day moving average". However, it then travelled north for the next six weeks. This directly contradicts your observation of current behavior.

Perhaps one could also say, instead of the stock breaking above, that the 20MA broke below the stock. Broke below, sounds bad?

Graham.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement