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Canexus Corp. three-year chart Add to ...

The three-year chart provides a disconcerting image of wealth destruction that started in the summer of the 2013. The MACD and the RSI generated a sell signal in July of 2013 which was followed by a breach of the uptrend line. A rapid collapse below support along the 50- and 200-day moving averages and the formation of a death cross by the end of August set the stage for aggressive selling. There was an rapid move higher in November of 2013 but it came to a halt by January of 2014 and was followed by another bout of selling that took the shares to their 52-week low.

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