ClickSoftware Technologies Ltd. (NYSE:CKSW)
Q: Hi Mr. Brian,
A:We issued an Uptrend Alert to our subscribers on 5/11 at $4.20. Stock has more than doubled since. Our proprietary momentum indicators are overbought which should not be unexpected given the run up over the past two days. Also, the stock found some serious selling pressure around 2pm today just below the $9 level. Looks to have recovered a bit but that $9 may be short term resistance. When stocks are so high above their support levels (trend lines, moving averages, etc.), the odds of a pullback increase significantly.