Trade Idea - TIBX
Friday, November 23, 2007
( Yesterday close ) Chart courtesy of stockcharts

Shares of TIBCO Software are very active today after Bear Stearns upgrade stock to Peer Perform from Underperform. Looking at the daily chart, stock has being under a big selling pressure since the start of the month, share price easily comes from $9.50 to $6.75 in just few sessions, putting some fears on the table, so let's see if today close will be above $7, one of the major resistances that can bring some hope for Bulls. So, stay tuned on TIBX for a possible breakout after this upgrade.

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.

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posted by Pro Investor Trader at 11:37 AM | Permalink


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