7-Eleven operator Philippine Seven Corporation (stock symbol: SEVN) has been plagued with nothing but weakness since the all time high was set on August 2013 at 150.
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SEVN has been pretty much flat for a year now, and all diagonal movements have been to the downside.
90 is a major line in the sand for SEVN. Bulls would rather see a move north to break 100, than a repeat of price action in recent months. A move toward 70-80 is a huge favor for bears.
The Moving Average Convergence Divergence (MACD) has rolled over as price fails to move up and away from 90.
TP’s Advice: Be careful of this stock.
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