SUNW rose in after-hours
    Wednesday, May 16, 2007
                        
			  	
    Sun Microsystems shares rose in the extended trading more than 3% after company  said on after market close, its board authorized the repurchase of up to $3 billion of the company's shares. The company said the repurchase plan is designed to increase shareholder value and reduce the dilutive effect of Sun's equity compensation programs. Looking at the chart and following the reaction of stock in after-hours, tomorrow stock will open in GAP UP and probably  it will breakout the resistance at 5.30$.
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: SUNW

