Gateway finally Breakout !!!!

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Monday, March 19, 2007

Gateway finally Breakout !!!!

Chart courtesy of stockcharts

Shares of rose more than 6% with an anormal volume again amid speculation that the computer maker may be an acquisition target. The stock breakout today the resistance at 2,30 on good volume with positive indications from On Balance Volume and Relative Strength. Looking at the chart stock is in a Bull Market with share price above 50 dma and 200 dma. In addition MACD still above 0 and k line still above D line, I think the stock should keep going up. Keep an eye on Gateway tommorrow.

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: GTW

20:53 | Permalink

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I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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Disclaimer: I am a 48 year old Independent Trader using propriety technical analysis with more than 20 years experience of investing in the stock markets. I started this blog in 2006 simply as a way to share my thoughts on the market.Please keep in mind that My blog contains only my personal opinion and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy,sell, or hold that or any other security. My past results are not necessary indicative of future performance.Any trades or investments are committed at your own risk. I am not a professional money manager. Always consult your broker for any of your investment decision.Trade at your own risk. All opinion in this blog is intended for educational purpose only and AC Investor is by no means liable for any potential damages that may be incurred from this information.Trade at your own financial risk as I assume no responsibility for your investing decisions in the markets.

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Monday, March 19, 2007