Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, EDIG scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
|
|
|
|
|
+10 |
Last Hour Close Above 5 Hour Moving Average |
|
+15 |
New 3 Day High on Thursday |
|
+20 |
Last Price Above 20 Day Moving Average |
|
-25 |
New 3 Week Low, Week Ending October 31st |
|
+30 |
New 3 Month High in October |
|
+75 |
Total Score |
|