( Yesterday close ) Chart courtesy of stockcharts

Shares of Motorola are trading up today, gaining more than 4% after company reported its first quarterly profit in 2007 and gave an outlook that beat Wall Street expectations, in a sign the mobile phone maker has started to turn around its business. Looking at the daily the stock has been doing very well since middle of August, stock came from $15.50 to nearly $19.50 in just few weeks, as K line is on top of D line and with MACD on top of signal line, we should see this baby going on again. Keep an eye on MOT for a possible breakout over the key resistance at $19.50.

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