Friday, September 7, 2012

Is Pandora in trouble?

Pandora Media (P) had some wide price fluctuations recently and is in the news.  Better monitor the Barchart technical indicators closely.  The chart is an hourly trading chart and shows a major drop on Friday:


Barchart technical indicators:
  • 32% Barchart technical buy signal - falling
  • 40% Barchart short term sell signal
  • Trend Spotter buy signal - falling
  • Still above its 20, 50 and 100 day moving averages
  • Lost 12.43% in the last 5 days
  • Relative Strength Index 49.24%
  • Barchart had a technical support level at 11.94 and that has been broken
  • Recently traded at 10.50 with a 50 day moving average of 10.23




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