Wednesday, February 4, 2009

SCI ($2.17)


Support $2.12-15. Resistance $2.30-32

Total Loss of 11.1% from $2.43 to $2.16 low in 4 days, giving up most of the second half of January rebound from $2.10-$2.15.

Any minor weakness to this good support is a trading chance as stock should not undergo major selldown as it has been consolidating narrowly around $2.15-$2.30.

Near lower Bollinger band which has acted as support since last October. RSI at 43.4 also near recent support lows.

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