Stock Chart Analysis LAVA

Posted by downtowntrader | 7/29/2007 09:54:00 PM | 0 comments »

Stock Chart Analysis LAVA

Magma Design Automation, Inc. (Public, NASDAQ:LAVA)

Talk about bucking the trend. Most stocks are in a free fall right now, and LAVA is one of the very few that looks bullish, AND remains in a decent area for buying. There are a few stocks that moved higher off earnings or other news last week, but for the most part, it's a wait for the pullback story on them. LAVA however, looks to have cemented $14 area as a bottom. While I prefer to now buy a stock that has just moved up 5%, there is a good chance that market weakness drag LAVA back a little. I will be watching this one closely next week.

Good Trading,


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