Breakout For Shares Of Motorola (NYSE: MOT) Says Market Timer Frank Kollar
September 26, 2007 (FinancialWire) (By Frank Kollar)
Shares of Motorola Inc (NYSE: MOT)) have broken out of a yearlong correction and may be headed for a considerable advance.
Motorola has seen share prices decline since October 2006, losing some 26% in the process. The current month long rally has broken out from a long-term basing pattern and should carry Motorola to at least $20.97 over coming weeks.
Motorola is likely to meet strong resistance at that $20.97, but could run considerably higher if it is surpassed.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Motorola .
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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