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.
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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.
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