Tuesday, January 30, 2007

What's wrong with LKT?

What’s wrong with LKT? Since its high of 4.18 on Oct 27, the stock has been trending down. Yesterday it closed at 2.91 with 16,500 lots traded. This volume is above moderately high. It has just breached its support at 2.98.

The chart looks extremely bearish. If it doesn’t find its next support at around 2.75, it’s time to worry indeed.