Motorola in action today
Shares of Motorola rose nearly 7% to 19.58$, after the company announced today that billionaire investor Carl Icahn is seeking a position on its board of directors. Looking at the chart it still show weakness as the stock is trading below 50 dma and 200 dma. The stock is on rally with K line on top over D line, and this rally should at least take the stock back to 50 dma closing the gap.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!
AC
Labels: MOT
