Friday, January 29, 2010

CADILA HEALTHCARE on the move!

Cadila Healthcare is moving up very smartly. Defying all the down-trend in the market the stock hasn't broken down much.

The ADX line is at 21.89, the DI+ (buyers) is showing a strong uptrend, and the DI- (sellers) is weakining - which is a good sign.

The RSI chart is showing strength as well.

On the MACD charts, the MACD line has just crossed above the MACD Signal line - which depicts n upmove.

The stock can be bought and heold for short term.


Disclosure: This stock is in my personal portfolio.

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