NVLS Shows Potential
Posted on Tue 12th Dec, 2006 09:45:00 AM
Interesting to note here about Novellus Systems (NVLS) is the close yesterday. The stock has been bouncing around $33 resistance for the last few weeks, and had a heavy accumulation day last week to close at nearly $35. The next day the stock gapped down as it was downgraded to take off some of the steam that has been plowing this engine forward. If anything though this was probably a valid buypoint and yesterday the stock reclaimed stability over $33 to close at $33.42. This waves a bull flag for the stock as you can now play $33 support with an upward range of $35 atleast. Watch NVLS today to see what it does, and check out the chart below (click it to view):
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Novellus (NVLS) and CSX (CSX) Earnings Reports
(Fund my Mutual Fund, 7/14/09)