Eastman Kodak: technical bounce in the 9.1 area, but the decline isn't over

Eastman Kodak is in week 4 of a sell signal: after the prior week's 8.7% drop, this week saw a 6.5% bounce with buyers back at 62%. A double bottom in the 9.1 area is visible on the daily chart, but underlying indicators remain in bearish territory. Trading is not recommended, with the stock still 46% above its 200-week moving average.