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Inter-Tel
Inc- INTL
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December 20, 2006
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Last Trade
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$21.98
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Volume
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92,131
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52-Week High
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$24.18
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52-Week Low
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$19.03
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Commentary:
For today's
chart we've chosen to take a look at INTL because it has been trading
within an interesting symmetrical triangle pattern since July 2005. As you
can see from the chart below, the converging trendlines have acted as
levels of support and resistance in the past and traders will now watch
closely to see which of these barriers will be breached first. A break
above $22.50 will likely be used by the bulls as a signal of a move higher
while the bears will wait for a move below $20.50 to signal a further move
lower. The year of 2006 was a period of consolidation for INTL and it will
be really interesting to see what happens in 2007.
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Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
QQQQ
EBAY
BJ
ECA
GYI
GM
WMB
AMZN
PCAR
WMT
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