Recent news forced a large sell-off but, will $VIAB resurge back to fair value?
RSI - Dipped to 27 before bulls took the reins pre-market
MACD - Showing bullish crossover trend @ open
The low volume is a troubling sign but I can bet that scanners everywhere are looking for a bullish return back to fair value. Keep an eye on it!
Weaker within its group.
Formed a top(14/7), break_out and retest.
Bear Flag break_out.
Retest and rejection of down_trend.
Bear Flag, to break_out. Shorting Opportunity.
Under 50 sma.
Remains weak relative to the S&P 500, with risk to new relative lows.
We saw this last year when the AAL Merger was first talked about and then every single Airline stock ripped to the upside. Well, I think this will happen with the Cable companies as well. I personally am long Calls in CMCSA, DTV, and TWX. I have no position on in VIAB, but if I see Huge institutional order flow and bullish activity in the Options market, I will ...