BZ Tradewatch...Globecomm Systems Inc (GCOM) Poised To Take Out $8.00
Symbols: GCOM
As of 9 am CST, Globecomm Systems Inc (GCOM) is trading at $7.83 per share in the middle of this week's whipsaw pattern between Tuesday's 6-month high at $8.29 and yesterday's low at $7.56.
The stock is still affordable for most investors as GCOM is poised to make a run at the $8.00 mark. A settlement above this level would shift the intermediate term trend to bullish. Next stop for Globecomm Systems Inc (GCOM)is it's Sep 7, 2009 1-1/2 year high at $8.57 per share.
Good trading - Mike M
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