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EMC Corporation  (NYSE:EMC)
Posted on November 15, 2011 at 04:58 AM EST




EMC Corporation  (NYSE:EMC)

Technical Features:

A:  Uptrend.
B:  Resistance at $30.
C:  Resistance at $26.
D:  Support at $20.


Technical Analysis:

After the break of the uptrend (A), EMC dropped to support (D) at $20.  If the current bounce up breaks resistance (C) at $26, expect problems with resistance (B) at $30.  If EMC breaks support (D) at $20, expect a test of the lows around $10.

Summary:  Sell.


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