Trade Idea - Novell

posted by tony
file under Stock Market

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                                                         Chart courtesy of www.stockcharts.com

Over the last 52 weeks the stock has ranged from a low of $2.49 to a high of $7.59. Technicals have turned bullish signaling sideways to higher prices possible in the near term. Next targets for the stock are $4.61 ( 50 DMA ) and $4.86. Only a close above $4.86 reverses the current downtrend. Keep novel in your radar.

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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