ERIC in action today
Friday, February 02, 2007
Shares of ERIC fell more than 5% today closing at 37.12$, after the world’s largest supplier of equipment for mobile phone networks reported fourth-quarter pretax earnings below expectations and lowered its 2007 outlook. Looking at the chart the stock reached oversold conditions in the RSI , however this drop was followed by a big volume, not a good signal for longs.
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 !!!! Tomorrow I'll analyse more charts.
AC
Labels: ERIC
