Posted On: 12/01/2013 8:49:30 PM
Post# of 2561
GNW Daily Chart ~ Not Pulling the Sell Trigger Yet
This boring stock, GNW, has treated us well. The FullSto and MACDs are close to crossing to a negative indication. If similar to the last time, in early November, the downside could be limited to just 5-10% or it could be more. That's the problem, when a sell signal occurs, no one knows how far a stock might drop. GNW could see a prolonged decline as it did from late July into August, or just a few short term pullbacks seen numerous times since the high 8.00s. For those inclined to look in some gains, keep an eye on your technical indicators, but also be prepared to re-enter on any resets of the techs. GLTA
This boring stock, GNW, has treated us well. The FullSto and MACDs are close to crossing to a negative indication. If similar to the last time, in early November, the downside could be limited to just 5-10% or it could be more. That's the problem, when a sell signal occurs, no one knows how far a stock might drop. GNW could see a prolonged decline as it did from late July into August, or just a few short term pullbacks seen numerous times since the high 8.00s. For those inclined to look in some gains, keep an eye on your technical indicators, but also be prepared to re-enter on any resets of the techs. GLTA
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