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Friday, March 31, 2006 

SUNW , GTW , LVLT , Crude OIL Big Jump

Chart courtesy of stockcharts

May crude closed today down 52 cents at $66.63 a barrel.
The May contract was up 3.7% for the week and up 5.8% for the month and end the quarter over 9% higher.
According to chart above we are now near to break the LT resistance at 68.20.





Chart courtesy of stockcharts

LVLT the stock of the week and the month......
Level 3 Communications Inc. on Tuesday raised its first-quarter and full-year financial outlook on a strong performance in its main network business. The company forecast operating income before depreciation and amortization, or OIBDA, at between $140 million and $150 million, up from its previous estimate of $105 million to $125 million, also the company increased its forecast for full-year OIBDA to between $600 million and $650 million, from a prior range of $550 million to $600 million. Level 3 reported consolidated adjusted OIBDA of $509 million for 2005. Level 3 also raised its net cash interest expense projection to $520 million from $505 million.
EMA 14 - Short term - Bullish
EMA 50 - Medium term - Bullish
EMA 200 - Long term - Bullish
Support : 5.04

Chart courtesy of stockcharts

On Thursday Gateway unveiled its new lightweight performance Gateway® M255-E notebook, which provides usability and IT-friendly features that make it ideal for professional customers such as businesses, educational institutions and government organizations that needs balance performance with IT simplification and cost-savings.
According to the chart above this stock have lost more than 25% since the start of the year, and have already touched in a new year low at 2.13 , so now the panorama it's not easy for Gateway, but the 2.13 could sustain some selling pressure, I think !! but with this chart it's dificult to predict the bottom of the stock.
EMA 14 - Short term - Bearish
EMA 50 - Medium term - Bearish
EMA 200 - Long term - Bearish
Support : 2.15 Resistances : 2.30 and 2.45

Chart courtesy of stockcharts

On thursday Sun Microsystems have informed the market that it has completed the acquisition of Aduva. So, after now Sun owns Aduva, a leading provider of heterogeneous knowledge and analysis capabilities and technology for managing software update needs and compliance risk in the enterprise.
According to chart above SUNW is trading in a short uptrend with a top at 5.65 and a bottom near of 5.10. The indicators shows now ( Fullsto ) some exaustion in the upside so at these levels we can see some profit taking as it occurred today.
EMA 14 - Short term - Bullish
EMA 50 - Medium term - Bullish
EMA 200 - Long term - Bullsih

That's All. Have a great weekend.....

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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