Looks like TKLC is on the MOVE again - TEKELEC

Discussion in 'Stocks' started by miguel007, May 28, 2011.

  1. The technical chart is printing a strong Bullish movement after stock has broken the key resistance area of $8.84. This chart tells you that the place to be in TKLC is on the long side, however you should be prepared for possibly backtest of the breakout line. The RSI has just reversed off the 50% line and the slow stochastic had a positive crossover. These two indicators along with the rising OBV is signalling that smart money has started to re-enter the stock. The immediate resistance level is located at $9.07 followed by $9.27.

    Source : http://ac-investor.blogspot.com/2011/05/good-looking-charts-on-long-side.html