01/23/2012
PMO BUY for Auto Nation (AN)
Auto Nation Inc (AN) generated a PMO (Price Momentum Oscillator) BUY signal because the PMO crossed up through its 10-EMA.
Positive:
BUY signal generated on somewhat expanded volume. PMO positive crossover occurred in somewhat oversold territory, but more importantly, PMO is trending up in a positive divergence with the stock price. 20/50-EMAs are rising. Currently in a long-term Trend Model bull market as 50-EMA is above the 200-EMA.
Negative:
On a Trend Model intermediate-term NEUTRAL signal right now as 20-EMA is below the 50-EMA. Still needs to break through intermediate-term resistance along the declining tops line drawn from October high.
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INFORMATION CONTAINED HEREIN IS TO ASSIST FURTHER RESEARCH AND IS NEITHER A SOLICITATION NOR RECOMMENDATION TO BUY OR SELL ANY SECURITY. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
DECISION POINT OFFICERS AND EMPLOYEES, AND/OR MEMBERS OF THEIR FAMILIES MAY HOLD POSITIONS IN THE SECURITIES MENTIONED AND MAY MAKE PURCHASES AND/OR SALES FOR THEIR OWN ACCOUNT OF THOSE SECURITIES.
PMO BUY/SELL SIGNALS SHOULD ALWAYS BE CONSIDERED AS "INFORMATION FLAGS" UNTIL YOU HAVE EXAMINED THE CHART AND DETERMINED WHAT ACTION, IF ANY, SHOULD BE TAKEN.
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Erin Swenlin Heim is the daughter of Carl Swenlin, the president and founder of DecisionPoint.com. Erin holds a Bachelor’s degree in Mathematics from the University of Southern California and is a graduate of the Air Force Institute of Technology where she earned a Masters degree in Information Resource Management. Erin began working in Decision Point around 1997, starting with billing and customer service and expanding into processing daily website updates. She is engaged in a continuing apprenticeship to Carl, who is helping her build a solid foundation in the Decision Point method of technical analysis.
Email: eheim@decisionpoint.com.
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