Nwre

[peanuts]

whaddayaguysthink? Good long if it bounces off of its 200 day EMA?

1 yr CHART

[peanuts]

I forgot to mention that this was on the IBD 100 list, so if there were any IBDers holding this stock and they follow the IBD rules, they all would have been stopped out from the 7% loss rule. Maybe this will get an oversold bounce????

[New-born baby]

I forgot to mention that this was on the IBD 100 list, so if there were any IBDers holding this stock and they follow the IBD rules, they all would have been stopped out from the 7% loss rule. Maybe this will get an oversold bounce????

Dow Theory says short this one. That bear flagpole is signalling a further drop down to $18.80 or less. This was a Twilight Zone stock that had no business being on the IBD 100. Yeah, it might bounce for a day; it might not. But why risk it? The chart is clearly bearish; so trade in the direction of the trend. Short the first strength you find.

Here's the weekly, and it tells us that NWRE has today busted a double top support. The chart therefore says that NWRE is going to head towards our $18.80 support.

[peanuts]

Dow Theory says short this one. That bear flagpole is signalling a further drop down to $18.80 or less. This was a Twilight Zone stock that had no business being on the IBD 100. Yeah, it might bounce for a day; it might not. But why risk it? The chart is clearly bearish; so trade in the direction of the trend. Short the first strength you find.

Here's the weekly, and it tells us that NWRE has today busted a double top support. The chart therefore says that NWRE is going to head towards our $18.80 support.

NBB, I think I like your strategy better. I have never shorted a stock before, so I'm not sure if I will actually do it, but a short position on strength will probably do better than a buy right now. I don't want to short quality companies... only the REALLY bad ones, that MUST go down.... NWRE can go either way. Thanks for the chart