Sun micro in focus today
Monday, January 22, 2007
Shares of Sunmicro doesn't react to much to the latest news, stock was down 0.02 or 0.35% to 5.75$.
Sun Microsystems Inc. and Intel Corp. said today they reached an agreement where Sun will buy Intel chips to use in its server systems. The companies said the deal includes joint engineering, design and marketing efforts. In the daily chart we start to see some weakness in the stock with MACD cross below 0, however this situation must be confirmed in the next sessions, because Uptrend is still in place.
Sun Microsystems Inc. and Intel Corp. said today they reached an agreement where Sun will buy Intel chips to use in its server systems. The companies said the deal includes joint engineering, design and marketing efforts. In the daily chart we start to see some weakness in the stock with MACD cross below 0, however this situation must be confirmed in the next sessions, because Uptrend is still in place.
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.
