Brocade Trading At Resistance
By Yaser Anwar, CSC, of Equity Investment Ideas
Brocade Systems (BRCD) has been in a sideways consolidation pattern since Mid-March with support at 5.50 and resistance at 6.25. The stock is trading at 6.25 resistance. The resistance level resulted from a combination of support turned resistance from before the consolidation pattern began, and proven resistance from a couple weeks ago.
http://www.equityinvestmentideas.blogspot.com/
Brocade Systems (BRCD) has been in a sideways consolidation pattern since Mid-March with support at 5.50 and resistance at 6.25. The stock is trading at 6.25 resistance. The resistance level resulted from a combination of support turned resistance from before the consolidation pattern began, and proven resistance from a couple weeks ago.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 12:11 PM
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