I've featured Lynas in Winner and Loser of the Day recently. Today there weren't too many winners. 18 of the top 100 Stocks were positive today. The best of those was Aristocrat Leisure (+2.28%).
Lynas is a darling of the speculative traders and has large ranges on a day to day basis.
Today, Lynas was flat. It finished at the same level as yesterday.
The stock remains in Wait-and-See Mode.
The MACD Histogram remains below Zero - that's a negative.
The Daily Stochastic is below its signal line and headed down - that's a negative.
The Smoothed Repulse and the RSI remain above their mid-lines - that's a positive.
We'll continue to monitor Lynas in the near future.
Good luck,
Red
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