MSI our Free Stock Pick for Wed Feb 15th 2012  RSS

by Sinisa Persic,, Tue February 14th, 2012

Motorola (MSI) over the last 3 1/2 months has been consolidating its big run-up from mid-August to the end of October. During this consolidation the stock has made higher lows, and in the last two weeks has run-up towards resistance in the 48 area.

A move above 48.15 would confirm the breakout and could lead to 48.95 initially and then 50.20, our secondary target. Stop loss would be 47.05.