Colin Reed's  Instablog

Colin Reed
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Individual investor. Background in Investment Banking. Analyzing non-US income stocks for quality, value and sustainable dividend growth. The value of writing for SA (for me) is the discipline of forced objective research.This informs my decision making process. Once published, feedback from... More
My blog:
Global Dividend Growth
  • Two Technical Reasons To Short Pitney Bowes 0 comments
    Feb 23, 2012 6:23 PM | about stocks: PBI

    Technical outlook now confirms weak fundamentals.

    PBI has formed two distinct patterns.
    On the daily chart PBI has broken support @ 18.00 on the rectangle. Min.downside target = 16.00

    On the weekly chart a large confirming rectangle pattern. Support has been convincingly broken @ 20.00 Min.downside target = 15.00

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in PBI over the next 72 hours.

    Stocks: PBI
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