NE Finally Breaks Above Downtrend and Consolidating

13 thg 11, 2013

NE has been in a long-term downtrend, recently it finally broke above this trendline on high vol after recently trigger a vol stop buy, with the 50 dma above to recross the 200 dma and 8 ema well above the 21 ema, MACD and RSI are already pretty high, still really like this for long term and even short term into year end, bullish catalysts in tax-advantaged spinoff also will push this higher