Neoware Systems

NWRE

Company. "Neoware Systems, Inc. ... provide[s] software and solutions for the emerging information appliance market, a new Internet-based computing architecture targeted at business customers that is designed to be simpler and easier than traditional PC-based computing." (MarketWatch.com) (company website)

Buy. Neoware recently made a "3 white soldiers" chart formation, supposedly a very bullish sign. It is posed to break through the May-June levels after bottoming in August. Money flow (CMF) has been very strong in recent weeks.

Sell. Yesterday NWRE opened higher than the previous close but then started to fall. Over time I've seen that this is usually a bad sign, and so it proved this time. I decided to sell NWRE today when the trend continued.

NWRE is still quite a bit above the moving averages, so it's reasonable to expect that it may touch up before moving higher. We'll see.