Wednesday, February 24, 2010

Ultratech Cement is a sell

Ultratech Cement is a sell. The cement sector as a whole look over-run.
On the AXD charts the ADX line has penetrated below the 20 mark.
On the RSI charts, the indicators have turned around from the over-bought levels and are moving down.

On the MACD charts, the MACD signal line has peaked out and turned around and is about to cross the MACD line. 

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