Stock to pay attention tomorrow - FNSR
Tuesday, June 12, 2007
Chart courtesy of stockcharts

Shares of Finisar down just 2% in the extended trading after posted a 5% decline in its fiscal fourth-quarter revenue Tuesday and said an investigation found stock options accounting discrepancies that will require restatements. Looking at the daily chart stock is trading in a Bull Market with 50 dma on top of 200 day moving average, however retrace after recently rally that pushed share price at near 4$. According to indicators MACD still in bearish area with K line below D line and RSI is neutral zone. So, tomorrow will be an interesting day for Finisar, let's see which will be the next breakout line. Support 3.50 and resistance 3.7$.

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.

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posted by Pro Investor Trader at 2:36 PM | Permalink


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