Wednesday, January 18, 2006

Trade of the Day - BRCM

Click on chart for larger view.

In this morning's pre-market BRCM was trading just below its gap support going back to Jan. 10-11. I entered the trade when price broke above the gap support line. I stayed in the trade all day hoping for an eventual break of the bullish flag pattern. That did not happen and I exited on the close. BRCM traded slightly higher in the after-market and looks poised to move higher tomorrow.

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