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Monday, April 30, 2007 

Bad day for Sigma

Chart courtesy of stockcharts

Sigma " SIGM " shares was down more than 12% to 23.43$ after American Technology research analyst Jeff Schreiner downgraded the stock to "Sell" from "Neutral," and lowered his price target to $19 from $28. Looking at the chart stock is now in a bad situation after breakdown an important support at 25.50$, the next support is now at 23$. The technical chart also show weakness signa as K line is below D line, MACD back again below 0 and RSI is now in Bearish teritory. SIGMA is a maker of chips used in set-top boxes and DVD players.

Chart courtesy of stockcharts

TK stock has been doing well since the start of the year, is now very near to breakout 60$ resistance. Tomoroow keep an eye on TK for a possible breakout over 66$.

Hot stocks in after hours : CC , CVS

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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About Me

  • 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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