Technical Analysis of Financial Markets

Saturday, January 13, 2007

Gateway Inc. (GTW) - Head & Shoulders Bottom

Computer manufacturer Gateway has formed a bullish Head & Shoulders bottom pattern. Current price action may find support at the $2.1 neckline. 3Q 2006 results announced Nov 2nd 2006 reported profits surpassing expectations which saw the stock price surge 8%; price action has remained in an uptrend since. 4Q 2006 results are due this season; stop-loss $1.90.

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