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Technology Stocks : Motorola (MOT)

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From: Bill Wolf7/21/2011 1:46:20 PM
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Surprising Price Movement Found In Shares Of (NYSE: MMI)



Motorola Mobility Holdings, Inc. (NYSE: MMI): traded higher by 20.08% or $4.50/share to $26.91 In the past year, the shares have traded as low as $20.77 and as high as $36.54. On average, 3344260 shares of MMI exchange hands on a given day and today's volume is recorded at 8414100. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $26.2524 area.

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