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Dr. Kris hails from the land o' lakes, beer, bratwurst, and Bucky Badger. She traded in her cheese hat for a propeller beanie and has never looked back. She has two degrees from MIT because one just wasn't enough. Her life goal was to figure out the universe and having done that (at least to her... More
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  • Genworth Financial--A classic exhaustion play 0 comments
    Jul 22, 2011 2:19 PM | about stocks: GNW
    Genworth Financial--A classic exhaustion play

    Yesterday's chart of Genworth Financial, GNW, exhibited all of the signs that selling pressure was over: an exhaustion gap and a long bottoming tail formed on huge volume. The bottoming tail is important because it signals that the number of sellers has run out and buyers are stepping in. It's no surprise to technical analysts that today was followed by a nice 7.5% pop (at the time of this writing).
     
    See next instablog for an exhaustion gap forming today!
    Stocks: GNW
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