Stockchase Opinions

Keith Richards Standard Pacific SPF-N DON'T BUY Oct 01, 2013

The trend line from May 2011 to earlier this year was broken. It is probably a pretty good example of a head and shoulders top. This was followed by a “Test”. The chart is bearish from every technical perspective that he can talk about.

$8.050

Stock price when the opinion was issued

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DON'T BUY

Chart shows a classic topping formation. The main thing to look for is a break in the neckline. He would say that we are about to enter into a bear market pattern for this company.