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Tuesday, October 10, 2006 

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

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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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