--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | JDSU - Big volume in the last hour » | Chart of the day : MCD » | ERTS has broken down the trend » | Bearish MACD Crossovers ( Nasdaq stocks ) » | Stock to wacth : JDSU "Optical telecom equipment" » | Stock to watch tomorrow : JBL » | Stock to watch tomorrow : PMCS » | AAPL & NVDA potential short candidates » | Philadelphia Semicondutor Index » | Some Big players in Overbought conditions » 

Thursday, October 05, 2006 

RNWK - Breakout the ascending triangle !!!!

Chart courtesy of stockcharts

Shares of Realnetworks hit new high today closing at 11.40 +4.50% after the company said it has joined with big-box retailer Best Buy to launch a new Best Buy-branded digital music store powered by Real's Rhapsody digital subscription service. The online component of the package, titled Best Buy Digital Music Store, is being done through a partnership with RealNetworks Inc.'s Rhapsody music service.
The technical chart above show that the stock is now in a rally after breakout today a key resistance level ($11) with big volume, also the overall technical picture show that the stock still in Bull market trading above 50 day and 200 day moving average. It'll be not a surprise if we see at this level a big short covering, because exist a high level of shorts.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have a great evening.

AC

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Stockal supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google