SWIR At $15 Support

I do not track Sierra Wireless ( SWIR ) but reader Seth emailed me my opinion on it and thus here I am posting its stock chart.

There is no technical evidence that argues SWIR as a buy right now besides the historical support of $15 which could be an easy play. Buy in here, set an initial target of say $16.50, and place your stop at $14.50 for about 3 to 1 on your money. The stock closed Friday at $15.15.

swir-123007.pngClick to view, click again to zoom

The Telecom Wireless Equipment industry group is performing pretty well overall with stocks like Research in Motion ( RIMM ) and Nokia Corp ( NOK ) leading the way.

More on this topic (What's this?)
Sierra Wireless Update (Intelligent Speculator, 11/28/07)
Sierra Wireless Q4 2007 Earnings (Intelligent Speculator, 2/9/08)
Nokia (NOK) Stock Dividend Analysis (Dividend Growth Investor, 9/17/08)
Read more on Sierra Wireless, Nokia at Wikinvest
-- Posted by Blain Reinkensmeyer on December 30, 2007 at 2:56 pm --

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