Well, whadayaknow, Uptrend

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Well, whadayaknow, Uptrend

posted on Nov 19, 2009 09:39PM

E DIGITAL CORP (NASDAQ:EDIG)

Uptrend

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops.

Based on a pre-defined weighted trend formula for chart analysis, EDIG scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


	+10	Last Hour Close Above 5 Hour Moving Average
	+15	New 3 Day High on Thursday
	+20	Last Price Above 20 Day Moving Average
	-25	New 3 Week Low, Week Ending October 31st
	+30	New 3 Month High in October

+75	Total Score

3 Recommendations

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