6.20 a key support for PWAV ?
Chart courtesy of www.stockcharts.com ( click to enlarge )Shares of Powerwave Technologies tumbled Monday and during today session after the wireless communications equipment maker warned yesterday of a significant third-quarter sales miss, because of delayed production and shipments. The stock touched today in a new 52-week low at $6.17.
The stock is weak as MACD is below 0 and the stock is below 50 day and 200 day MA, however the stock has a important support at 6.20.Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.
That's All. Have a nice evening.
AC
