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Signals in MCHP

Today might be the low, but you never know. If you're still ahead after today's drilling, just make sure you don't let it go underwater, that would be the worst thing you could do.

I noticed there was a red sell signal on July 5th. There were also a couple of red signals back in early May, last time it topped out, when the price was around 40. Too bad more folks weren't paying attention. The free stock screener has been live on the web for several years, and the signals are working just as well as they ever did, if not better. This is because they were developed across a vast range of historical data, with very simple, robust, and non-optimized formulations.

Anway, here's a chart showing the computer-generated signals on MCHP, and also some circles and text by yours truly: http://www.gigascanner.com/MCHP_07122011.gif