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Thursday, January 11, 2007 

Microsoft Corporation broke out !!!

Chart courtesy of stockcharts

MSFT broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next sessions.

Chart courtesy of stockcharts

Shares of Genetech surged 4.37% to 87.40$ today after reported yesterday a fourth-quarter net income of $594 million, or 55 cents a share, compared with $339 million or 31 cents a share, last year. Excluding various items, Genentech would have reported adjusted earnings of 61 cents a share, ahead of analyst expectations for earnings of 56 cents a share. DNA is in a Bullish market with 50 dma line on top of 200 dma and it broke out an important resistance area 85$.

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 !!!!


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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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