Motorola, Inc (MOT) Double Top Makes a Good Sell Bet

Motorola, Inc. (NYSE: MOT) is bound to break down and could well favor Put buyers who got in early and at good volatility levels. But it maybe too late for lame Put buying ideas now.

Motorola is trading at $9 today and could drop as low as $7 before becoming oversold, but still nobody feels confident playing the long side under the 50 day M.A. The $7.75 - $8.50 consolidation zone can serve as an indicator, where above this zone Motorola will be seen as bullish, whereas rallies below it should be sold on tight stops.