NYSE Euronext Inc. on its way to the alter.
The MACD and the RSI on the six-month chart are both bending lower indicating that some selling is coming into the stock.
The MACD and the RSI on the six-month chart are both bending lower indicating that some selling is coming into the stock.
The MACD and RSI are suggesting that there is more selling to come so watch support at $160.00 like a mother bear watches its cubs.
From its current value the shares could add $3.00 on an advance.
The MACD is clearly indicating a retreat as is the RSI.
At the moment it seems like the shares are going to continue to pullback so there could be an opportunity to get in at better prices
At this point you have to accept that RY is a trading stock and that there will be swings in its price but its not at risk of going bust.
At this point it looks like we will have to retest support at $11.00 before we can make a call on a reversal.