There were 2,099 press releases posted in the last 24 hours and 429,971 in the last 365 days.

FirstAlert(tm) Digest 8/18/10: Lower Lows For RadioShack

- Technical Market Commentary -

August 18, 2010 (FinancialWire) (By Frank Kollar) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — Shares of RadioShack Corp. (NYSE: RSH) rose on Tuesday’s stock market rally, but there are dark clouds on the horizon. RadioShack, which sells consumer electronics goods and services through its RadioShack store chain and non-RadioShack branded kiosk operations, has declined below a rising trend support line that we described in a previous report.

This line is the lower line of a flag pattern that has contained share prices since April. Draw a line on a daily chart through the highs starting on April 21 and extend it to the right of the chart. Then do the same thing for the lows starting at May 21 and the lows on July 20, you will have the flag pattern with a declining trend resistance line and rising trend support line. A break of this line has high odds of continuing in the direction of the break.

On August 11 share prices broke below the trend support line and since all rallies have stopped at or below this line. RadioShack could be headed for the $18 dollar level in coming weeks.

(Go to http://www.financialwire.net/2010/04/22/about-kollar/ for more about Mr. Kollar, and go to http://www.financialwire.net/?s=kllrfby+cmmtry for more of Kollar’s commentaries.)

**Today’s FirstAlert is underwritten by Marshal Shichtman & Associates, P.C. (see below).**

The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the combined NYSE, AMEX and NASDAQ 25 most actives and combined NYSE, AMEX and NASDAQ greatest percentage losers and greatest percentage winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market.

Last session’s most actives showed 20 advancers versus 5 decliners. Volume leaders were led by Citigroup, Inc. (NYSE: C) (streaming research for Citigroup available at http://investrend.stocksmart.com/ri/toc?tid=7921), the SPDRS S&P 500 Trust ETF (AMEX: SPY) (streaming research for SPY available at http://investrend.stocksmart.com/ri/toc?tid=34430), Cisco Systems, Inc. (NASDAQ: CSCO) (streaming research for CSCO available at http://investrend.stocksmart.com/ri/toc?tid=1723), General Electric Co. (NYSE: GE) (streaming research for GE available at http://investrend.stocksmart.com/ri/toc?tid=8030), Bank of America Corp. (NYSE: BAC) (streaming research for BAC available at http://investrend.stocksmart.com/ri/toc?tid=8456), Microsoft Corp. (NASDAQ: MSFT) (streaming research for MSFT available at http://investrend.stocksmart.com/ri/toc?tid=4652), Intel Corp. (NASDAQ: INTC) (streaming research for INTC available at http://investrend.stocksmart.com/ri/toc?tid=3619), the PowerShares QQQ Trust ETF (NASDAQ: QQQQ) (streaming research for QQQQ available at http://investrend.stocksmart.com/ri/toc?tid=1044870) and the Financial Select Sector SPDRS ETF (AMEX: XLF) (streaming research for XLF available at http://investrend.stocksmart.com/ri/toc?tid=1026233).

The FirstAlert(tm) Economics Calendar lists EIA Petroleum Inventories (10:30 a.m.)

The FirstAlert(tm) Events Calendar showcases OKE, OKS, SD at the Tuohy Brothers Natural Gas Infrastructure and Production Conference; SNDK at Conference ConCepts’ Flash Memory Summit.

The FirstAlert(tm) Earnings Calendar highlights Analog Devices, Inc., Q3 2010 Earnings Release.

FirstAlert(tm) Website of the Day: http://www.antispywarecoalition.org/

Quote of the Day: "When childhood dies, its corpses are called adults and they enter society, one of the politer names of hell. That is why we dread children; even if we love them, they show us the state of our decay." Brian Aldiss

Word of the Day: tare \ TAIR \, noun: 1. The weight of the wrapping or container that holds an object. 2. The weight of a container or wrapper that is deducted from the gross weight to obtain net weight. 3. The weight of a vehicle without cargo, passengers, etc. 4. Any of various climbing plants, generally with edible seeds.

In context: "Mack said, 'I figure when you buy beer, you're buying too much tare. Take 8 percent beer – why you're spending your dough for 92 percent water and color and hops and stuff like that.’” — John Steinbeck, Cannery Row

(Tare ultimately comes from the Arabic verb taraha, "to reject.")

Today is: Cupcake Day

Happy Birthday: (1774) Meriwether Lewis (d. October 11, 1809)

Today in History: Virginia Dare, granddaughter of Gov. John White of the Colony of Roanoke, became in 1587 the first English child born in the Americas.

==========

**FirstAlert(tm) is underwritten by Investrend Communications. Today’s Investrend featured partner is Marshal Shichtman & Associates, P.C. –  Mr. Marshal Shichtman has served as council for Investrend Communications in various capacities since 2001. Mr. Shichtman is now collaborating with Investrend to provide a unique independent equity research product, which includes a specialized component particularly focused on assistance in best practices, filings, reporting and good governance. For a preferred introduction to Mr. Shichtman and/or Investrend’s specialized program, write to resources@investrend.com with “Shichtman Introduction” in the subject line.

==========

FirstAlert(tm), published exclusively by FinancialWire(tm), was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information. The opinions expressed in FirstAlert(tm) do not necessarily reflect the opinions of Investrend or of FinancialWire(tm).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” webpage (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[ssryrsyr] [frlylrf] [frstlrtrlts] [frstlrtdlycmmt] [cmmtry] [mrktqr] [tchnlf] [anlytcl] [kllrfby]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.