Motorola (NYSE: MOT) On The Edge Says Market Timer Frank Kollar
August 16, 2007 (FinancialWire) (By Frank Kollar)
Motorola Inc (NYSE: MOT) has been in a seven-month slide that has loped 38% off its share price. Motorola tried to rebound after heavy selling in late July, but has now dropped to just above its previous lows.
Motorola’s close at $16.21 on Wednesday places it only $21 cents above a support level that could spell disaster for this stock if it is broken. Watch the $16.00 level. If broken, it would make a good buy stop for a short sale. Motorola could decline to $14.50 a share if this trade materializes.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy has a position in Motorola.
Follow your strategy and adhere to your money management rules to protect capital. If you do not have money management rules, give FibTimer.com (http://www.fibtimer.com) a call. The surest way to lose money in the stock market is to trade without a plan.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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