Trade Idea - Qwest Communications
Tuesday, August 14, 2007
Qwest Communications International shares were up today just 0.59% to 8.55 after Lehman Brothers upgraded stock to overweight from equal-weight, citing valuation and its view that the appointment of industry veteran Ed Mueller as CEO removed worries that new leadership would change the strategic direction and ratchet up capital spending. Looking at the technical chart, stock tested today the major resistance at $8.60 without sucess, however indicators are showing some improvements and MACD K line already crossover D line. So, keep an eye on Q for a possible breakout over $8.60.
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.
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.
Labels: Q
