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Tuesday, May 29, 2007 

Sun Microsystems trade Idea

Chart courtesy of stockcharts

Shares of Sun Microsystems were down nearly 2% to 5.06 today, in a overall good session for stocks. Today was another desapoint session for longs on Sun stock. The optimism quickly faded and the bull run disappeared, and now SUNW is down about 30 percent from the 52 week high of 6.78$. Stock is now testing the support at 5$, and in the short term we may see a short bounce due to the oversold conditions, but the trend still down.

Chart courtesy of stockcharts

On the other hand, NTRI stock show a possible breakout over 66.90$. The uptrend initiatedin February still intact.

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.

Thta'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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