Internap Network Services Corp - INAP
|
April 4, 2007
|
|
Last
Trade
|
$16.32
|
|
Volume
|
361,470
|
|
52-Week
High
|
$21.25
|
|
52-Week
Low
|
$9.00
|
|
Commentary: For today's chart we've chosen to take a look at INAP
because it recently found support near its 200-day moving average. As you can
see from the chart below, several technical indicators are confirming the
support and it will be interesting to see if the bulls start to step back in.
Notice how the Parabolic SAR indicator has recently triggered a buy signal.
This reversal is suggesting that we could see a short-term move back toward the
$18 mark. Many trader's will also use the bullish MACD crossover to signal the
chance of a move higher, but this perspective will quickly change in the event
of a move below $15.50.
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