October 5, 2010 12:29 pm
What is the near term lookout (1 to 2 months) for this excellent stock (STATE BANK) ?
The stock has been continously running upside from last many months .. technically speaking its tough to get any view and its a very short term ..
If you understand techicals , then read this
RSI is above 70 and slow stocastic shows negative direction (prices moving up , techical going down) , so better take is as warning signal for movement slowing down . my gut feeling says that it should cool down a bit in next 1 month and then it can again resume its upmove , buy at 5-10% downfall incase you have not bought it already
If you are holding this stock from last 1-2 yrs, better book 50%
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