If you are
a subscriber to our free newsletter
service, our March issue describes how
to develop a checklist when evaluating
a stock. This will help take some of
the confusion out of decision making.
Have a look at the March
06 checklist (trend reverse) and
March 07
checklist (downtrend) to see the
past performance of this checklist against
MSO.
In this checklist,
the RSI has been added since we have
confirmed that the stock is downtrending
and we are looking now for a new entry.
The RSI will help us with picking the
new bottom.
| Stock
Check List - Trending checklist
|
| Stock: MSO |
BUY/SELL Rating: -12 |
Date: March 08, 2005 |
| Indicator |
Confirming |
Negating |
| Trending
Indicators |
| Trendlines |
|
downtrending |
| 20, 50, 100 day SMA's |
|
20 and 50 and 100 day SMA breaks |
| MACD |
|
downtrending |
| ADX/DMI |
|
+DI below -DI
ADX below 30 |
| Volume Indicators |
| Volume |
|
Volume confirms trend |
| OBV |
|
Downtrending with
price |
| PVT |
|
Downtrending with price |
| Patterns |
|
|
| Support/Resistance Breakout |
|
Resistance Breakout |
| Candles |
- |
- |
| Strength Indicators |
|
|
| RSI |
|
downtrending |
| __________________________________________________________________________ |
| Points: |
0 positive |
12 negative |
Based on
todays checklist, MSO is still in a
downtrend. The sell conditions for MSO
were hit on the March
06 checklist. At this point, we
are waiting for the trend to stop and
reverse. According to the technical
indicators, there is no real sign of
the trend stopping or even slowing significantly.
If you would
like to see another indicator added
to this checklist, let us know.
