Herman Miller, Inc. (NASDAQ:MLHR)

CAPS Rating: 5 out of 5

The Company researches, designs, manufactures & distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support companies all over the world.

Recs

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Player Avatar CraigCa (< 20) Submitted: 10/17/2007 1:12:33 PM : Underperform Start Price: $30.53 MLHR Score: -0.31

Since generating a sell signal in August, the 50-day and 200-day moving averages have shown a strong negative divergence. While the 10-day moving average started its downward trend in June, it has recently shown signs of possibly reversing that trend, pushing the 10-day moving average above the 50-day moving average, though this recent reversal shows signs it might again be reversing. despite this possible trend reversal signal by the 10-day moving average, the 50-day and 200-day moving averages still show a strong negative diversion to the S&P500. Due to this strong negative diversion, I am keeping and reiterating my underperform rating on this stock.

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