( Friday close ) Chart courtesy of stockcharts

ADC Telecom shares are today very active and trading very well. Company was upgraded by UBS to Buy from Neutral. Looking at the daily chart, stock has been trading in an indecisive momentum, with a lot of recommendations but with a lack of confident by investors. The downtrend in the chart is well displayed, but it seems that stock has found a bottom and the new trend has started to be formed. So, keep an eye for a possible breakout over $14 for the confirmation of the new Bullish momentum.

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.