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Prospect Capital Corporation Message Board

  • jadelover888888888 jadelover888888888 May 7, 2013 10:48 AM Flag

    It will get much worse...

    if PSEC closes below 10.90, its 50D moving average, today. It will continue to decline because right now it is in a bearish trend.

    This was what Market Edge said about it recently:
    "Recommendation
    Avoid the stock.
    Stock is Not a Short Sale Candidate.
    If you are long, close position or monitor stock closely"
    "Comment
    Moving Average Convergence/Divergence (MACD) indicates a Bearish Trend.
    Chart pattern indicates a Strong Downward Trend.
    Relative Strength is Bearish.
    Up/Down volume pattern indicates that the stock is under Distribution.
    The 50 day Moving Average is falling which is Bearish.
    The 200 day Moving Average is falling which is Bearish.
    Look for Support at 10.39
    Watch for resistance at 11.12"

    Or you can just ignore what they said.

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PSEC
8.63+0.010(+0.12%)Feb 27 4:00 PMEST

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