Trade Idea - Research in Motion and Cavium Networks
CAVM - Cavium Networks is printing an up trend in the daily time frame up from 13.50$ ( share price of IPO ) 3 months ago to the present $28.16. Keep CAVM in your watchlist next week for a possible breakout over $28.54.
RIMM had a tremendous movement today. Shares were up more than 11% to 220.52 closing above 20 dma followed by strong volume. It seems that investor confidence on stock returned strongly. Keep an eye next week for a possible breakout over $235.98.
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.
Have a good trading day !!!
AC
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.
Have a good trading day !!!
AC
