Qlogic with bad performance today
Friday, July 27, 2007
Chart courtesy of stockcharts

Qlogic shares fall today more than 14% to 14.05 after announced that it expects its earnings to come in under forecasts because of a decline in its silicon products business. Technically speaking stock breakdown the major resistance at 16$ with a strong than normal volume, more than 33 millions of shares traded. Indicators have reached extreme Bearihs areas during this movement, so probably next week stock should rebound.

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 example

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posted by Pro Investor Trader at 2:14 PM | Permalink


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