Technical Analysis of Financial Markets

Sunday, April 15, 2007

Spansion Inc. (SPSN)

Previously a joint venture of AMD and Fujitsu, Spansion is dedicated exclusively to designing, developing, manufacturing, marketing and selling flash-memory solutions for wireless, automotive and networking applications. Spansion also specialises in developing NOR-type flash-memory chips, which are widely used to store software programmes in mobile phones and consumer electronics applications. Having declined 60% over a 6-month period, price action now seems to be breaking out of a Double Bottom formation. Stop-loss close below $11.50. Spansion announces first quarter fiscal 2007 earnings on April 18th.

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