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Commerce Bank, Research in Motion Vialoux
Posted on May 09, 2008
Commerce Bank currently has a mixed technical profile at best. Intermediate trend is neutral. The stock is trading above its 50 day moving average, but below its 200 day moving average. Strength relative to the TSX Composite Index has been negative during the past year, but is showing early signs of bottoming. Resistance exists at $78.48 and support exists at $56.25. Short term momentum indicators (RSI, MACD and Stochastics) are rolling over from overbought levels. Fundamental prospects are suspect at best. Consensus for second quarter earning for the period ended April is $1.46 versus $2.27. ...
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