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Message: Strong Downtrend

Strong Downtrend

posted on Feb 19, 2010 10:21AM

BUT, if you look at the 2 year chart, which covers the IP settlement period of time, you will see SHARP Upticks off the lows when news hits.

E DIGITAL CORP (NASDAQ:EDIG)

Strong Downtrend
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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

-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Thursday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending February 20th
-30 New 3 Month Low in February
-100 Total Score
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Feb 19, 2010 10:40AM
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Feb 19, 2010 10:42AM
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Feb 19, 2010 12:28PM
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