Credit Suisse Group ( CS) is all over the financial media landscape Wednesday morning as Saudi National Bank, a key investor, declined to provide additional funding to the troubled bank.
Below is a long-term line or close-only chart of the stock.
The message is easy: A long-term downtrend and not a recent development. No support -- real or even psychological.
Bearish On-Balance-Volume (OBV) line and a negatively sloped 40-week moving average line.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
Let's drill down to see the risk/reward conditions of the stock and why it may no longer be a 'Best Idea.'
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.