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Free stock pick for 12/03/2010

Free stock pick for 12/03/2010

 

Atheros Communications Inc (NASDAQ:ATHR)-long

 

Technical Analysis:

After Wednesday gap up and daily bear trap, OVTI started with consolidation and I’m interested for break up and move to 32.50-35 area. On the bigger time frame we can see that OVTI have room for that action what is another reason why I like it. On the other side, I will stay with day trade, because after two up day’s we can expect that market will take a rest and for OVTI success we need to see own way action.

 

Fundamental Analysis:

Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years. The ratio of ATHR's price-to-earnings multiple to its five-year growth rate is slightly below the average of all stocks. Two or more executives, board directors or major shareholders - including one high-level executive - sold a large number of shares recently

 

 

 

 

For Ivica Juracich trading style explanation: click here

 

If you have any questions, please feel free to contact me.

Good luck trading today!

Ivica Juracic

XpertStockTrader.com


 

 



Disclosure: no possiutions