SPC had a good run recently. It rallied from a low of $2.18 on 21 Jan 09 to a high of $2.86 on 9 Feb 09. Goldman Sachs downgraded the stock from “neutral” to “sell” and reduced its target price from $1.80 to $1.60.
The stochastic indicator is indicating short term weakness as the %D line has just crossed under the %K line making a bearish crossover.
The force index has also decreased from a high value and it looks to be going negative anytime soon.
The next support level for this stock is at $2.49.
The stochastic indicator is indicating short term weakness as the %D line has just crossed under the %K line making a bearish crossover.
The force index has also decreased from a high value and it looks to be going negative anytime soon.
The next support level for this stock is at $2.49.
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