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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (46493)	1/18/2011 6:38:15 AM
From: Johnny Canuck	Respond to of 68263

Wow, longer term support at $75. Secondary support at $135. Establishing new high on average volume is a concern. Sell signal recently negated. Starting to set up for a new one, but that will be not immediate. Long term support at $34. Making a new high on average volume. There is not a lot of conviction from traders ahead of earnings. Long term support in the $25 to $27.50 area. Made a new high on above average volume, so the move has conviction. Short term overbought. I would set a buy point $0.10 above the new high on a break out to a new high. New high matched by above average volume. The move has conviction from traders. Look for follow through tomorrow to confirm the move to a new high. Not overbought short term. Defer to the averages which is up. Stock is support by a decent dividend and improving fundamental in the chip secotr. It will live and die on earnings though. Triple top. Last down move on accelerating volume. Longer term support at $120.