Motorola Inc

By root | March 03, 2008 AAA

Today we've chosen to take a look at Motorola Inc (NYSE:MOT) because it is nearing an interesting level of support. As you can see from the chart below, investors have been on a wild ride and many are now hoping that the stock will bounce off the $9.40 level like it did in late January. We expect that many traders will watch for another move off the nearby trendline and that they will protect their positions by setting a stop-loss order below today's low. We'll reverse our position if the price closes below $9.40.



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