EK - Eastman Kodak

[MC]

Kodak looks good here, broke the downtrend with a light volume rally and came back down to test the new support with LARGE volume stepping in. Macd divergence on this seems to give fair odds that this will be a triple bottom.

Thoughts?

[aristoentertainment]

I see the same thing that you see on this sucker MC. Good find here i added some chart analysis that i did so you can see. I see there is a GAP to be filled that looks like its headed there around 17.50. All time frame charts indicate a bottom and there is buying going on. Also i looked in and saw that call option has heavy volume on the 17.50 strike.

FOUND THIS ON SCOTTRADE

S&P MAINTAINS HOLD OPINION ON SHARES OF EASTMAN KODAK
Thursday 05/01/2008 10:11 AM ET - Standard & Poor's Research Notes
EK reports Q1 loss of $0.40 from continued operations vs. $0.61 loss, wider than our $0.05 loss estimate, as total sales increased 1% on higher digital revenues, partially offset by a 13% decline in film. We have concerns about the consumer digital imaging group, after its loss from operations widened despite a 20% revenue rise. Though EK appears to be making modest progress in transitioning away from film, we are also cautious about the new inkjet printer line. We are lowering our '08 EPS estimate to $0.25 from $0.60, and our target price to $19 from $20 on updated analyses.