Trade Idea - MSPD
Sunday, February 24, 2008
Chart courtesy of stockcharts

Mindspeed Techonologies shares were down on Friday more $14.45 to anew 52 week low at $0.58, accomplained with strong volume, which suggest that the trend will continue, it was a bearish signal for the market. MSPD was a nice play at the down trendline, however, it looks like there is more downside here. Stock broke one of the most important supports at $0.66. In addition MACD also entry into the sell signal, so there no hope for Bulls at this moment, this trend should continue in the next sessions. Be carefull on this one.

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 12:04 PM | Permalink


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