BRCM closed below its tight trading channel for the first time in three weeks. It is currently sitting on the support of its 20 day EMA. However, if it takes out last Tuesday's low it will be vulnerable to a correction back down to its gap support in the $40.00 (post split) area.
Tuesday, February 21, 2006
BRCM - Technical Damage
BRCM closed below its tight trading channel for the first time in three weeks. It is currently sitting on the support of its 20 day EMA. However, if it takes out last Tuesday's low it will be vulnerable to a correction back down to its gap support in the $40.00 (post split) area.
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