In May of 2010, a long analysis of Eastman Kodak was written inferring that the correction expected for EK could possibly reach lows of 3.70 to 3.35. In August of 2010 EK reached this 3.70 trading level as well as a 52 week low of 3.49 on August 31, 2010.
Just recently in late October 2010 EK has traded to a high of 4.88 after a big volume day of about 30 million shares, almost 5 times the average.
Eastman Kodak should be monitored at this time for a possible buy signal. The trading from 3.49 to 4.88 could set up a potential internal wave 1 magnitude to a new uptrend forming in EK. Look for a pull back in EK to either 4.35 or 4.02 with 3.49 holding as a price zero low.