Archive for October, 2011.

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The stock was up over 5% with very unusual volume on no now news. As a result for today’s trading session, its volume traded daily went to a 2-month high. Looking at the technical chart, it seems the stock broke the resistance area at $2.24 ( 50-day SMA ) and has moved decisively to the upside. That’s a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness, with a stop-loss at $2.20. The next resistance it could encounter is at $2.50. Once that level is breached, the next resistance could be the 3 psychological area then 3.05. In addition, the On Balance Volume is increasing, this clearly shows that smart money is moving into the stock.

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.

ebook readers

posted by tony

Do you need a web store to buy games an ebook reader ? If so, then you should take a look at this www.thesource.ca. Basically, it’s an online store where you can find a wide range of ebook readers and accessories at affordable prices. With wireless connectivity, you can use your eBook reader device to shop for and download books, magazines, newspapers, blogs and other digital media. An eBook Reader, like the Amazon Kindle, allows you to download books 24/7 with access to more than a million free books on Amazon’s public domain. This is definitely a great place when it comes to buy technology stuff online or anything else. They have many excellent deals that make this site worth a visit. Check yourself and find great ebook readers here.

Trade Idea – Tellabs, Inc.

posted by tony
file under Stock Market

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This stock is seeing some positive movement in its share price over the past four trading sessions. There are some buy signals indicated from MACD and RSI. However, the most interesting for this stock is in the Accumulation/Distribution chart. This is the longest upward that the stock has seen in sometime. Given the current stock levels, it’s important for it to break $4.65. If it breaks this level, then it can break $4.87.

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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