ITT Educational Services (ESI) just flashed a death cross.
The red price bars showing underperformance vs. SPX.
ESI had a golden cross signal in March but today it has failed.
ESI will be announcing earnings on April 26th.
Will the 200DMA turn into a major resistance area? If it does will the bear be aiming for the December lows.
With a VR level of over 2 vs. SPX there is not need to trade this volatile stock.
The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.