Nyse EMC Thread

[loniee]

I started talking about this a couple of weeks ago as it hovered around 14.00,Expecting blow out earnings.and they are cash rich.could be big suprise.IMO be nice to see EMC squared lol

[loniee]

EMC - SharpCharts from StockCharts.com

[Naamplao]

Interesting stock.

From the SharpChart there are several positives

The Bollinger Bands appear to be widening indicating a breakout...the Closing price is above the upper band so it would seem the breakout is positive.

The Accum/Dist, Trix(15,9) and RSI 14 is moving in a positive direction as well the price has closed above the 50dayMA....a good sign.

Here is the 5 day line chart from Yahoo



Nice rise...but has it topped out for a while? Note the narrow BB's. There will be a big movement early next week. It is hard to tell if it is up or down Monday opening but I think there is a fair chance it will break upwards.

Here is the P&F chart (the long term view)



Here is the meat....

First the positive....you have a strong support at $14.25. I do think this could be the bottom...if it did break this line you are in for quite a tumble of $4-$5 down to somewhere around $9.00....But I don't think this will happen.

You have a lot of resistance lines to pass before this rises unimpeded.

Actually the present price at around $15.50 is right up against a resistance diagonal running 45 degrees from back in early January when it shouldered at $17.00.

If you break above $15.50 then the next resistance is at $17.00 then from the SharpChart there is the 200dayMA line of $18.00 to $18.30 is another resistance.

There are a lot of stutter steps to get beyond the point where it will freely rise. I would expect slow rise but lots of sideways movement along the way.

Worth watching but don't expect a dramatic rise.IMHO

[Naamplao]

This time the resistance line is visible in the SharpChart....here it is as I see it.

EMC - SharpCharts from StockCharts.com

It is very solidly at $16.00. This line goes far back to the left.

The BB's did not open much, though we are at the top half which is good. We are comfortably established above the 50dayMA for the moment. The Accum/dist and RSI moving in a neutral way so nothing "exciting" will happen for a while I expect. The TRIX looks positive a good sign.

If you look at the 5 day line chart in my last post you will see we are poised for a decent start to the week....perhaps an assault on the $16.00 level...

[Naamplao]

Well my predictions of April 19 came pretty much true. The price broke through several small resistances until it ran smack into the big one at $18.00 which is the 200 dayMA in mid May...went sideways for a while and now has fallen back.

Let us see what the future of this stock looks like 2 months later...here is the SharpChart

EMC - SharpCharts from StockCharts.com

It is not pretty.... Note that the Bollinger Bands are just starting to widen and where is the share price? Below the lower BB....not good at all!

The RSI is headed for the basement, the TRIX is arching negative and the Accum/Dist is dropping fast showing a selloff.

We are headed for the 50dayMA...will it be solid support??? hard to tell...though it does not look good.

Here is the P&F chart



You can see the support line at $14.50...yep...it looks like we will break through the 50 day MA and fall to this level to me.

Here is the Yahoo 5 day linechart



Nothing to indicate support here....a slow progressive decline. I can see this going on until at least $14.50...break through this support and the bottom falls out until about $10.00

I hope that those that played this stock got out before mid-May.