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Stock Pick of the Day-Diamonds Trust
Jul 03, 2009
You Are Here:Home > Articles > Stock Picks > Stock Pick of the Day-Diamonds Trust
Stock Pick of the Day-Diamonds Trust
Jul 03, 2009
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Stock of the Day – Diamonds Trust (DIA)
Close – 82.99
Strategy – Short
Profit booking – $77-$78
MACD – -0.22
RSI – 28.16
The stock is facing strong resistance at current levels. The stock is forming a Head & Shoulders pattern which is a very bearish sign. Currently the stock is facing strong resistance $83-$84 levels. One can short the stock at current levels and expect to book profit around $77-78 levels.
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