Thursday, November 10, 2011

Here's the LYG Chart...


We're on the brink of a MACD crossover.

Money Flow appears to be oversold as well with a daily close above the 25 SMA...

Interesting that the prior month, we had 7.01 million shares short, whilst with the latest figure I could find on short interest (dated 14 October 2011), 5.33 million shares were short. Is this the turning point where the bears are starting to become bulls?





No comments: