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Tuesday, May 01, 2007 

BEAS - Shares drop

Chart courtesy of stockcharts

BEAS shares was down 3% to 11.43$ today, however closed at the highs of the day, not so bad. The bad performance was a reaction after the business software maker warned that first-quarter revenue won't meet forecasts, due to a tough selling environment. Looking at the chart stock still trading in a downtrend since December and today it touched in the support at 10.80 but didn't broke. MACD and RSI still in favor of Bears, however according to the latest candle we could see some improvement in the share price for next sessions.

Chart courtesy of stockcharts

Keep an eye on VOD tomorrow for a possible breakout over 29$.

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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