Circuit City in action today
Thursday, February 08, 2007
Shares of CC rose today more than 5% closing at 21.67$ after the company said Thursday it will shutter about 70 stores as it responds to pressure in the electronics retail market and announced the departure of its chief merchandising officer. Looking at the chart, stock closed above 50 dma for the first time since November of 2006, and has formed an interesting trend up, that could close the gap soon.
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.
That's all. Have a nice evening !!!!
AC
Labels: CC
