Motorola (NYSE: MOT) Rally Breaks Down Says Market Timing Pro Frank Kollar
August 29, 2007 (FinancialWire) (By Frank Kollar)
Motorola Inc (NYSE: MOT) has been in a seven-month slide that has loped 38% off its share price. Two weeks ago we wrote that Motorola was close to support, that if broken, could result in an escalation of selling.
Motorola managed a week of small gains as the stock market rallied last week but has now, again, dropped to just above critical support. If shares close below $16.00, a large number of stockholders will give up and sell. Motorola could decline to $14.50 a share if the $16.00 level does not hold.
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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