Bio Stock Rating/Grading volume 1Many people on the main Bio/KSS threads think that maintaining a rating/grading system for Bio stock is a good idea. FWIW This thread aims to provide them with the space to indulge in such practices.
Long Gild and KSS.
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GILD had a sell signal Nov 13, 2014 MA 10 crossed over MA 20 dowwwwwn. Was my assessment correct Allan?
If it went down……you must be right I guess…. Gild closed $107 on nov 13…..it hit $101 14th Nov. Nuff said?
Re: GILD
I hope I’m not being rude by interjecting. I use a 22- and 50-EMA. I did notice that on that date, both EMAs flattened indicating a possible lack of forward momentum. Furthermore, on 11/5, the fast MACD line crossed under the slow line and began to trend down. Additionally, on the same date, MACDH dipped below 0 and trended down. All signs (as I understand them) of an impeding lack of forward momentum. That day, there was a “wide” price range and the Close was very near the day’s low, another sign of weakness. The next day was a pivot point as the close was at the open and the range was much smaller than on 11/5 on almost as much volume.
Of course, it’s easy to read the “tape” from the right side and, for the record, even though I was monitoring this, I didn’t follow my own advice and held. For the record, also, the daily chart seems to indicate a continuing downtrend.
This is NOT a recommendation to BUY/SELL GILD. Full disclosure: Long GILD.
Rude??? Not at all ! People choose to subscribe here, so no one can can complain about TMI.
Why 22/50….what does persuades you to use the extra 2?
BTW There is no such thing as a recco on GS…..only one person decides to sign the check and thats after however much DD they bother to do from ALL the info to available. Th only thing with a crystal ball is a crystal statue.
Opps….Even I screwed up. This is the KSS bio grading thread…..I think these comments should be on the technicals thread. See ya there.
thats at http://www.stockgumshoe.com/2014/05/microblog-technical-analysis-classroom