How to Play a Sliding Sony

Why would you want to look at or buy a stock that's down for the past seven weeks? Well, in the case of Sony (SNE), I will go through some facts that I find interesting, and then you can decide for yourself.

Following Sony's seven-week downtrend, the stock would need to close above $16.74 in order to halt its decline. My long-term buying zone is at $16.47 to $14.84 -- that is, between the 50% to the 0.618 retracement levels. During Monday's trading, the stock stopped just short of entering that zone. The stock is currently long-term oversold on my daily charts, but it hasn't yet reached that level on the weekly charts....226 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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