Archive for May, 2009.

Rubber Stamp Champ

posted by tony
file under Popular posts

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Are you looking on the web for a good supplier of rubber stamps? If so, then you must visit RubberStampChamp.com. They offer a wide range of rubber stamps, including self-inking stamps, address stamps, hand stamps, pre-inked stamps, notary stamps and many more. Created in 2001, Rubber Stamp Champ rapidly grew up and is now the fastest-growing provider of online rubber stamps in America. If you are looking for a high quality rubber stamps store, look no further, visit rubberstampchamp.com today.

Trade Idea – Symantec

posted by tony
file under Stock Market

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                                             Chart courtesy of www.stockcharts.com ( click to enlarge )

Today, Symantec shares continued it’s bearish momentum. On the daily chart, we can see that the stock tested but failed to break its 200-day moving average at $15.66. Looks like more downside potential likely after the stock failed to move past this level on a closing basis. Immediate support is seen at 15 followed by 14.5. Initial resistance at 15.60. Let’s keep an eye on it.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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                                            Chart courtesy of www.stockcharts.com ( click to enlarge )

The stock soared on  Thursday after the Federal Trade Commission issued an order dismissing the remainder of its antitrust case against the memory chip designer. In the order, the FTC also indicated that it would not pursue further proceedings against the company, as it would not be in the public interest. The stock closed up by $1.52 at $12.30 on above average volume. From a technical perspective the stock breaks above 11.98 key resistance, suggesting that the short term correction has completed and downtrend resumed this morning. Further rebound is expected to test 13.20 previous high resistance,if a break above this level occurs, price could eventually target the 15 region to the upside. Initial support is now at 11.33, only fall below this level will signal deeper decline to retest 10.34 level. The medium term trend is positive as the stock is trading above both 50 day and 200 day moving averages. For the long term the stock should still continue to go up. Rambus is a good play.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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