11/24/99 Equifax Inc (EFX)
Points to watch:
Equifax has been in a sharp downtrend
since early July. Yesterday the stock closed below important long
term support at 24.38, a level which had provided support in October
of this year and from May to August of 1996.
Short and long term technical indicators
continue to deteriorate: both daily and weekly RSI, OBV, and stochastics
are in downtrends, and daily MACD remains on the sell signal given on June
3rd.
The stock has moved up 0.06 in early
trading today to 24. We would short the stock if it fails to hold
Tuesday's intraday low of 23.81. Downside support is at 20.5 and
17.5, upside resistance is at 24.25 and 26.5.
