I’ve posted a report on Maxis here. This is an index heavyweight and should form part of the universe of stocks under constant review. As a blue chip this isn’t a prime candidate for short term trading, but rather one which should be bought on weakness and averaged down over a long period to bring down your cost base. Some of the trade setups I would look for to achieve this is to wait for RSIs to drop to 30 or even 20 or maybe look for bottoming chart patterns on the weekly graphs (such as cup and handle formation) and I would not deploy any breakout strategies.
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| DJIA | 7552.29 | |
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