Monday, March 23, 2009

Axis Capital (AXS) - Which way will it break? / Para que sentido sera la ruptura?



English-
AXS - Finding itself back at lateral resistance the stock is hesitating to continue higher. Two setups can be established to wait for the direction. Buy stops can be entered above the 24.35 level (resistance) to enter longs on a break out. Short stops can be entered below 23.20 for the break to the downside. RSI is above 50 but CCI has crossed below 100 which calls for lower prices. Price target is 20.00 for the lower move.


EspaƱol-
AXS - La accion se encuentra en resistencia lateral y sin direccion clara. Dos operaciones se puede establecer para esperar el proximo movimiento. Stop Comprar se pueden entrar por encima de los 24.35 (resistencia) para entrar en largos si hay ruptura alcista. Stop Cortos se pueden entrar por debajo de 23.20 para la ruptura a la baja. RSI se encuentra por encima de 50 pero el CCI ha cruzado por debajo de 100 que indica precios mas bajos. Objetivo de 20.00 a la baja

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