Technical Summary: The downtrend on the 5 year chart of SKY has continued to the one year with the stock always seeming to have the ability to reach fresh lows. The stock itself is barrelling towards $1.50 per share, a price that would have seemed unbelieveable when the stock was nearly $7 just a few years ago. Obviously unless the company goes out of business then the downtrend will end at some stage but at the moment there is nothing in the one year chart that suggests any end to the selling. At the current juncture the stock appears to be a bit oversold but there has been no consolidation and all previous bounces have failed to surpass their previous highs. For those looking to buy, there might be an
opportunity in the future but for now it might be better to wait.