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Stock Research for Breakout trading

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ANAREN INC COM support | resistance | research

Stock : ANEN |   Stock Recommendations : Buy
Sector : Communications Equipment |   First resistance : 13.13
Stock Name : ANAREN INC COM |   Second resistance : 14.50
Buy Near : 12.45 |   Third resistance : 18.73
StopLoss : 8.86 |   First Support : 11.50
Posted date : 11/2/2008 12:00:00 AM |   Second Support : 11.00


Anaren, Inc.com (ANEN) Stock given a nice cup and handle breakout on 10/31/08 . Again many technical indicators also have given a buy signal, with rising moving average weekly and daily Stockhastic given a buy signal and ADX also given a buy signal.

    Anaren, Inc.com (ANEN) reported net sales for the fiscal 2009 first quarter ended September 30, 2008 of $38.1 million, up 18.8%. Space & Defense Group net sales for the quarter were $18.4 million, up 67% from the first quarter of fiscal 2008, that indicating company in well position for earning growth. As per technical indicator analysis and growth potential this Stock looks good candidate for portfolio investment and also for day trading, Stock investing, trend trading | swing trading. Due to Stock market and economic condition keep tight stop loss on all position. You can enter near $12.45



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