LVLT run up more than 13%
Friday, November 16, 2007
Chart courtesy of stockcharts

Shares of Level 3 communication were up today more than 13% with an unusual volume for a normal day, with more than 66 millions of shares changing hands. Finally this stock woke up for a new uptrend that looks like started today. I'm now more convinced that Bears will want to cover now some positions before stock run up again. Today was a clear signal of exaustion of selling pressure, so keep an eye on LVLT next week.

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:

 
posted by Pro Investor Trader at 3:04 PM | Permalink


0 Comments: