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Computer Sciences Corporation Message Board

  • wolfmanran wolfmanran May 15, 2013 11:48 AM Flag

    Today's action on the daily chart is quite bearish per candlestick theory

    Amazingly CSC makes a 52 week high today, and then plunges, forming a candlestick called "bearish engulfing", which is considered to be one of the more accurate predictors of a trend reversal. You can do your own research and verify my statement.

    I was first thinking about possibly buying some CSC today because of the sell-off, but this candlestick formation says "SELL".

 
CSC
65.60-0.24(-0.36%)Apr 17 4:03 PMEDT