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Stock Pick of the Day-EMC Corp MA
Aug 15, 2009

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Larry Swing

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Stock of the Day – EMC Corp MA (EMC)

Close – $15.17

Strategy – Short

MACD – 0.42

RSI – 51.18

 

The stock is witnessing strong resistance at $16 levels. The volumes are also on the lower side which raises suspicion about the strength in the current up move. The stock has rallied strongly in last 2 months, but is facing strong resistance at $16 levels. Traders can short the stock at current levels and keep a stop loss above $16 levels. The stock is expected to trade in $16-$12 range.

 

...thanks for the trust you've shown in me and my business.

by Larry Swing
larry@mrswing.com
May the swing be with you...

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EMC
C:26.3300

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