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.
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Let's drill down to see the risk/reward conditions of the stock and why it may no longer be a 'Best Idea.'
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