NSM surged 14%
Friday, June 08, 2007
Chart courtesy of stockcharts

Shares of National Semicondutor were up today more than 14% to 29.58$ with more than 30 millions traded after company said on Thrusday that fourth-quarter sales fell 20 percent to $455.9 million. However, gross profit margin expanded to 62.5 percent from 59.8 percent in the third quarter, and the company forecast margins would continue improving. Looking at the daily chart stock breakout an important resistance a 28$ followed by strong volume, so the way is now UP !!!

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.
 
posted by Pro Investor Trader at 1:39 PM | Permalink


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