LVLT gaining momentum
Wednesday, November 07, 2007
Chart courtesy of stockcharts

Level 3 Communications shares were down just $0.02 or 0.66% closing above the support mark of $3. In October shares of Level Communications have suffered a big drop after earnings report, dropping from $5 to $3 in just a few sessions, at the current levels we start to see some improvement in indicators, so it's very interesting to see that $3 has being one big support many times broken but not dramatically, so it seems to me that the bottom of this drop should be here, so keep an eye on LVLT because insider buying are very active levels, which could mean, perspectives of share price recover.

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.
 
posted by Pro Investor Trader at 1:36 PM | Permalink


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