TIE Update

TIE started an uptrend with an MACD cross on June 21,22. June 29, 30 and July 1 showed increasing price with decreasing volume. Last three days have been down with slightly bearish volume trend. MACD looks to be heading for a bearish cross. Pending debt ceiling issue remains a wild card for the market. Near term looks like TIE could continue downtrend to June 16 intraday low of $16.03. Current price (7/12) is $17.66. I bought some TIE in May at $18.20 and am considering buying more if it goes below $17. There were two large insider purchases around the $17 price level in June.