01/24/2012
PMO SELL Signal - Newell Rubbermaid (NWL)
Newell Rubbermaid Inc (NWL) generated a PMO (Price Momentum Oscillator) SELL signal because the PMO crossed down through its 10-EMA.
Positive:
Mini ultra-short-term double-top formation. PMO negative crossover occurring in overbought territory. PMO negative divergence from stock price trend. Double-top executes, minimum downside target right about at the rising bottoms support line.
Negative:
Stock is in a long-term and intermediate-term bull marketso sell signals in this environment should be approached with added caution. Trend Model long-term BUY signal when 50-EMA crossed above the 200-EMA. Trend Model intermediate-term BUY signal when 20-EMA crossed above the 50-EMA.
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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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