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Hard to believe

posted on Jul 17, 2009 02:14PM

we are trading closer to the 52 week low than the high.

Looking for a trend reversal when DM speaks up.

E DIGITAL CORP (NASDAQ:EDIG) Downtrend
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

Based on a pre-defined weighted trend formula for chart analysis, EDIG scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Friday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending July 4th
-30 New 3 Month Low in June
-85 Total Score
Open High Low EDIG Price Change
0.110 0.115 0.110 0.110 +0.005
src="http://quotes.ino.com/img/sites/club/icon_line.gif" border="0" height="19" alt="http://club.ino.com/members/charts/?s=NASDAQ_EDIG" width="20" /> src="http://quotes.ino.com/img/sites/club/icon_smartscan.gif" border="0" height="19" alt="http://club.ino.com//members/scan/analysis/?s=NASDAQ_EDIG" width="20" /> src="http://quotes.ino.com/img/sites/club/icon_data.gif" border="0" height="19" alt="http://club.ino.com//members/download/data.html?s=NASDAQ_EDIG" width="20" /> http://club.ino.com/members/charts/?s=NASDAQ_EDIG" target="_top">Streaming Chart
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