Smart Scan Chart Analysis

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Smart Scan Chart Analysis

posted on Mar 10, 2009 06:20PM

E DIGITAL CORP (NASDAQ:EDIG)

Very Weak Downtrend

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

Based on a pre-defined weighted trend formula for chart analysis, EDIG scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


	+10	Last Hour Close Above 5 Hour Moving Average
	-15	New 3 Day Low on Tuesday
	-20	Last Price Below 20 Day Moving Average
	-25	New 3 Week Low, Week Ending March 14th
	+30	New 3 Month High in February

-60	Total Score

Open		High	Low	EDIG Price	Change
0.165		0.165	0.145	0.162	-0.003

	Streaming Chart

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