The retreat since the start of the month has taken the counter below a support level and its 100-day moving average, which coincide at $4.85 to $4.87. The next support appears at $4.50.
This counter has greater relative strength than the market. Its decline has been relatively benign. Volume is contracting as prices ease. Quarterly momentum has not broken down yet, but ADX is rising, and the DIs are negatively placed, indicating a decline of sorts. Prices will probably fall less than the market and other stocks in its sector.
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