Time to Buy Konami (KNM) After Recent Moving Average Crossover? - Tale of the Tape
14 February 2014 - 2:42PM
Zacks
Konami Corp (KNM) could be a
stock to avoid from a technical perspective, as the firm is seeing
unfavorable trends on the moving average crossover front. Recently,
the 50 Day Moving Average for KNM broke out below the 200 Day
Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved
lower by 4.6% in the past four weeks. Plus, the company currently
has a Zacks Rank #4 (Sell) meaning that now could definitely be the
time to get out of this potentially in-trouble stock.
KONAMI CORP-ADR (KNM): Get Free Report
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