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MA looks like an interesting Short

MA looks pretty negative here. The stock has moved below its SMAs, while being overbought and a general sense of negativity via the CCI.

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I know I have been bullish on MA, and on a company and industry trend basis I still really like it. But in relation to its stock, MA maybe overvalued for this earnings go around. Irrespective of the fundamental back drop, the chart does not look good. 175 or even 160 maybe seen again.

If shorting becareful as it will report earnings soon, and that can act as a catalyst up/down.

This entry was posted on Monday, January 28th, 2008 at 8:31 pm and is filed under stocks, trades. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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