Archive for November, 2009
A Short in a Long World
Electronic Arts (ERTS) is caught in a major downtrend, with video game and hardware sales falling at their fastest rate in years. Whether game saturation, pirating or the weak economy are to blame for the decline, the younger generation is sitting on their hands and refusing to buy, except for the most popular sequels.
ERTS never [...]
Hewlett-Packard (HPQ) at 50
50 is a big number for Hewlett-Packard (HPQ). The stock reversed off that price level three times in 2007 and 2008. The current recovery lifted the tech giant back into the number on Monday. The intraday high for the last four sessions has come within 4-cents.
Sellers tried to take control of the stock after it [...]
Japan Index Fund (EWJ) Set for For A Big Fall
IShares MSCI Japan Index Fund ETF (EWJ) bottomed out at 6.84 in March and reached the 200-day EMA in May. It hovered at that price level for 3 months and then broke out to a multimonth high. The fund topped out at 10.38 in September and rolled over, testing the 200-day EMA in early October. [...]
Checkpoint Software (CHKP) Showing Relative Strength
Checkpoint Software (CHKP) is acting better than its peers in the tech sector. The stock returned to the 2007 high at 26.80 in July of this year and broke out to a multiyear high. The uptrend continued to 32.49 and gave way to a pullback that started earlier this week. The downside has been shallow [...]