Dejavoo, I follow hundrends of stocks...SKE is one of them. From a humble chartist....SKE is showing more weakness than strength. It declared its weakness when it hit $2.80 with bearish divergence between the price action & both RSI & MACD. Also,more importantly,this $2.80 high was not endorsed by OBV.....OBV is now in deep negative territory (I have great respect for OBV.....Never buy a stock with a mediocre OBV) SKE will find some support around $2.20....A breach of this level is an automatic exit signal in my view. In short,the chart is telling us that SKE is just an "average" business...At least far from an outstanding one. I have great respect for Camden's FA,but when the technicals don't match the FA.....We have to reconsider.
SKE Price at posting:
$2.30 Sentiment: None Disclosure: Not Held
