Trade Idea - XTO energy
Enviado: 19/8/2008 21:32The technical daily chart has kept moving downwards after hitting a record high at $73.74 in June 2008. The strong downward momentum in stock is not likely to end soon. In the chart, we can see the dead cross ( 2 Expotential Moving Averages of 50 and 200 are drwan in blue and red repectively ). However, it may be too early to be confirmed for a short signal as the 50 EMA just broke downwards the 200 EMA. We may better wait the further downward acceleration 50 EMA.