Here’s A Couple Of Reasons For A Short Entry
They say that the majority of
issues will follow the broader indices on average.
But, when the market is quiet and there’s been a
fair amount of divergence between individual issues and what makes the highlight
film on the nightly business news–it might pay to concentrate on a stock that’s
making its own technical noise.
11:08:06
Intraday Setup Alert
Sierra Wireless (SWIR)
is testing prior session lows and the 50-Day SMA in a descending intraday
triangle–down 1.49 at 32.86.
12:13:13
Intraday Update Alert
Sierra Wireless (SWIR)
has broken below key daily price supports from a triangle pattern–now off
2.20 at 32.15, as the stock pulls back from session lows on the 5-minute chart.
You won’t hear any ‘swiring’ over this one,
that’s for sure, ‘cuz it just makes way too much ‘cents.’
Chris Tyler