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DD Chart

 
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arthur
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PostPosted: Mon Sep 05, 2005 9:12 am    Post subject: DD Chart Reply with quote
The DD five-year weekly chart shows a steep decline recently. The weekly RSI at 28 is the lowest RSI in over 15 years. Consequently, DD is more likely to bounce within the next few weeks than continue to fall. The lowest previous recent RSI was at 30, right after 9/11. DD may rise to 40 before Sep options expiration. Next major resistance is the 10 week MA currently at 41.84, and then around 42.50 (Price-by-Volume bar). DD may eventually test the recent lows at about 34. However, it may be oversold enough to bounce first.

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