Technical Analysis - PYR Very Bearish
CAUTION: We are currently trading under all moving averages, except the 200 day EMA - which is at $3.10 (consider this a possible short term PT and resistence). The 200 day SMA is $2.81
The RSI is currently sitting at 46.05 - while not bad, seems to indicate weak buying pressure.
Volume today is about 62,000 - well below our average of 375,000: this is very bearish and tells u that the market is currently very uninterested in this stock
We are currently trading below the VWAP at $3.75
Overalll technical indicators suggest a very bearish chart - I would expect the price to continue to fall in the near term, likely toward the 200 day EMA - we could be testing $3 by Christmas at this rate