Atheros Communications Inc. (ATHR) [Chart - Analysis - News] gained some ground during trading yesterday, but it appears there is some bearish pressure building up in the background. Looking at yesterday's money flows, $1.49 million left the stock. Only $6.03 million flowed into the stock on uptick trades while $7.51 million flowed in on downtick trades---giving ATHR an up/down ratio of 0.51.
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The question is, will ATHR continue rising or will increasing bearish sentiment help turn things around and start pushing the stock price lower? ATHR has lost 6.88% during the past month and is currently trading below its 20-day, 50-day and 200-day moving averages.
Watching money flows can provide traders with a glimpse into investor sentiment. When money flows are positive---more money is flowing in on uptick trades than is on downtick trades---it shows traders are confident the stock price is going to continue rising. When money flows are negative---more money is flowing in on downtick trades than is on uptick trades---it shows traders are confident the stock price is going to continue falling.
Friday, August 13, 2010
Bearish Pressure Building on Atheros Communications Inc.; ATHR - Learning Markets
via news.google.com
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