NOKIA new 52 week year high
Tuesday, September 18, 2007
Shares of NOKIA are making new highs around $36 today, following the optimism around overall stock markets due to the rate cut decision by FED. With more than 10 millions of shares traded stock is in a new Bullish trend after broken a key resistance of $34.80. Looking at the daily chart with today action, stock is still trading in a strong Bull Market with its 50 dma on top of 200 dma. Indicators are still showing a strong performance with RSI increasing day by day, as a sign of strong investor confidence. So, keep NOK in your watchlist, it's a stock in a breakout mode without no resistance above.
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: NOK