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Monday, September 25, 2006 

Stock to watch tomorrow : PMCS

Chart courtesy of stockcharts

PMC-Sierra Cuts revenue outlook, it announced after the bell.

PMC-Sierra lowered its projected revenue for the third quarter, it expects revenue of about $114 million to $116 million, compared with a previous view of $122 million to $124 million.

According to the daily chart, the stock is trading in a downtrend and probably tomorrow it will reach or even break the bottom of the trading range mentioned in the green lines. Stock down nearly 10% in after-hours.

That's All. Have a great evening.

AC


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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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