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Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (850)	8/17/2005 6:15:15 PM
From: Jibacoa	Read Replies (1) \| Respond to of 1404

WRLS also had a good upmove and was able to close above its August 5 H of 4.43 The stock was up more than 26% today and volume expanded to 674Ks the highest since the 355Ks traded in January 27. bigcharts.marketwatch.com The stock isn't completely off the downtrend coming from the H in March 2004 at the 18.75 level and still has to deal with a good amount of resistance above the 5.80 level. bigcharts.marketwatch.com Today's move was after it announced las night that it has received a $13.5M from a provider of fixed and mobile cellular services in Asia for its SX6P phone. According to the company, this order is just the beginning of what they expect to be a "long term relationship," The products will be manufactured in China by WRLS partner and should help WRLS "become a high volume, low cost producer".<g> Deliveries are expected sometime before the end of the year, after the start of its 1stQ. Bernard