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Updated 08/09/2010  
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GOODY
Goodyear
Weekly Commentary

Our system posted SELL CONFIRMED . The previous BUY recommendation that was confirmed was made on 20.08.2010 (19) days ago, when the stock price was 16.50 . Since then GOODY has gained 11.52% .

SELL-IF is confirmed by a black candlestick with a higher open and a lower close. The confirmation price is taken as the previous close (18.70) according to Rules of Confirmation.

The recent bearish pattern leading to the SELL-IF signal is confirmed this week. The market is poised for bearish action. Though the market opened higher this week, the price activity created a black candlestick that closed below the previous week's close. This is one of our valid bearish confirmation criteria.

We hope that you sold this stock. Your important benchmark was the previous week's close. You were supposed to watch the sessions during the week carefully, closely monitor the current confirmation status posted daily, feel the bearish tendency of the market despite the higher opening and sell your shares after making sure that the prices stay below the previous week's close.

If you sold, keep away from this stock until the confirmation of a new BUY-IF signal. What to do if you did not already sell? Maybe, you did not have time to follow the sessions during the week or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions.

The market is an inviting one for short-sellers. Risk lovers may now go for short sale.

 
SELL
CONFIRMED
Conformance Rating
18.40
-0.30 -1.60%
Candlestick Analysis
This Week's Patterns: Black Candlestick
Candlestick Pattern


This week a Black Candlestick was formed. This represents normal selling pressure.
For more about this candlestick click here.


Technical Data
Week's Close 18.40
Week's Open 18.80
Previous Weekly Close 18.70
Previous Weekly Open 19.30
Change -0.30
% Change -1.60%
Volume 109,858
Week's High 18.90
Week's Low 18.30
20-Week Close M.A. 16.36
50-Week Close M.A. 14.55
20-Week Volume M.A. 409,534
 
Two-Year Signal History
Date          Price   Signal 100 YTL
Became
08.09.10 18.70    Sell   406
20.08.10 16.50    Buy 358
30.07.10 15.90    Sell 358
09.07.10 15.40    Buy 347
22.04.10 18.00    Sell 347
02.04.10 15.50    Buy 299
19.03.10 15.20    Sell 299
04.12.09 10.30    Buy 203
06.11.09 11.50    Sell 203
24.07.09 8.95    Buy 158
03.07.09 9.25    Sell 158
20.03.09 5.71    Buy 97
16.01.09 5.76    Sell 97
26.12.08 5.66    Buy 96
22.08.08 13.20    Sell 96
08.08.08 13.79    Buy 100
06.06.08 15.76    Sell 100
 
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