Thursday, June 28, 2007

EQIX DID IT. RIMM COMING OUT OF OVERSOLD AREA



EQIX broke above the level I discussed before and is well within a buying area of the breakout at $89.42. Buying up to $93.90 is up to the 5% limit as described in "How to Make Money in Stocks."



Look at RIMM by clicking on the chart to your left and it will enlarge it. Notice that RIMM broke out in May and has had a good run-up since. In the past week or so, the stock has retraced a little bit and notice the yellow elipse on the Stochastic signal at the top of the chart. Inside that circle is the signal to "go long" or buy shares. The other positive factor is that trading volume was higher than average.


NTGR looks as if it is using the 50 day moving average as support and potentially in a buy area since it too is in an oversold area on the stochastic indicator.

Good luck trading.

JD

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