Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 5/10/2013, 7 days ago, when the stock price was 25.7999. Since then GMA has fallen by -1.55%.
There is now an ominous undertone in the market and there may be more sadness. The bears that triggered the bearish stop loss are gaining strength and we now consider cutting our bullish bet. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.