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NVTL Possible Breakout Play


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#1 Costa

Costa

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Posted 16 September 2011 - 12:59 AM

We are on the verge of a possible breakout in the shares of Novatel Wireless, Inc. (NASDAQ:NVTL) .The technical chart shows that the MACD-histogram has been sloping up and the 13 day SMA has just ticked up to give a buy signal on the Impulse System. In addition, the daily slow stochastics and RSI are both rising indicating bullishness. Plus, the weekly MACD-histogram has ticked up and the weekly stochastics is oversold. A move above $3.55 could spark a nice short-squeeze.

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Costa
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