Gannett seems to be the victim of a change in media desires. Daily newspapers are struggling and this stock reflects that changing trend.
The cloud is bearish, and while there is a triangle (decision) on the chart, it has formed at a lower base. Money flow is still negative and has been for months.
The stock is cheap and may get even cheaper.
The poor showing in the shares of the provider of training and consulting services after the November shooting star tells the tale, as sellers have been active for weeks. Money flow has expanded negatively as more big money hits the sell button.
The Relative Strength Index (RSI) is oversold and shares could bounce a little bit, but that would set up a short opportunity. The cloud is pointing lower and moving average convergence divergence (MACD) is on a sell signal.
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-- Bob Lang and Chris Versace are co-portfolio managers of Trifecta Stocks.