Trade Idea - MOT
Friday, February 01, 2008
Motorola shares are today trading very well due to some news that was reported. Early in the morning Citigroup upgrade stock to buy from Hold. Looking at the daily chart, stock is currently trading in a Bear Market however far from the lows reached in January after the earnings report. Indicators are also gaining some strength and started to move up. In the short term, stock should be able to fill the gap around $12.80 and $13. So, keep an eye on her for a possible nice swing trade. Stay tuned.
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.
Labels: MOT