Don't Ignore This Chart!

Getting Beat Down Legally (PPD)

Chip Anderson

Chip Anderson

President, StockCharts.com

Ditc20090407
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Help!  Police!  Pre-Paid Legal Services (PPD) is getting beat down by its 50-day Moving Average! Again!

This is the third time this year that PPD has failed to penetrate the 50-day MA (blue line).  Things were looking promising too - this stock showed up on a Bullish MACD scan yesterday (see the MACD Histogram going positive?) after a strong up day with good volume.  Still, this chart deserves to be watched closely as increased volume may lead (eventually) to a strong upside breakout.

Chip Anderson
About the author: is the founder and president of StockCharts.com. He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997. Since 1999, Chip has guided the growth and development of StockCharts.com into a trusted financial enterprise and highly-valued resource in the industry. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at StockCharts.com, and provides updates about new features or additions to the site. Learn More