Novelus Systems downgraded
Tuesday, May 15, 2007
Chart courtesy of stockcharts
Shares of Novelus Systems was down more nearly to 2% to 31.12$ after analysts at Global Crown Capital downgrade company from "neutral" to "underweight" and setting the price target to 27$. Looking at the chart we can see a clear channel with share price setting down to near the bottom of reffered channel, however the investor confidence showed by the indicator RSI still decreasing.
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.
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.
Labels: NVLS