Stock Chart Analysis INFA

Posted by downtowntrader | 4/01/2008 11:09:00 PM | 0 comments »

Stock Chart Analysis INFA

Informatica Corporation (Public, NASDAQ:INFA)

INFA's chart is one of those that doesn't look all that organized and it doesn't lend itself to pretty trend lines and diagrams but it still looks bullish to me. It recently tagged a new 52 week high and then began a pullback. It has been bumping it's head up against a declining 20 day sma, but was able to close above it today. It looks like it's setting up for a retest of the 52 week high and possibly new highs.

Good Trading,


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