Two Moving Average Crosses Point To More Upside For Nokia

By The Wall Street Fox Friday, September 26, 2014
Nokia has proved to be a profitable, resilient, upward moving stock for more than a year now. After breaking out of an almost one year trading range, it seems Nokia wants to push higher to double digits. Two recent moving average crosses point to significant upside ahead for Nokia.


On the weekly, Nokia's 100 moving average has just crossed above its 200 moving average.


On the monthly, Nokia's 20 moving average has just crossed above its 50 moving average.

The bullish crosses on these long term charts point to long term gains.

We are long Nokia, and expect the stock to retrace to old multi-year resistance levels around $11.50-$12.00. The improving fundamentals of Nokia back up this trade.
The Wall Street Fox

The Wall Street Fox utilizes fundamental and technical analysis to generate investment ideas. TWSF holds a MBA, and is currently preparing for the Chartered Market Technician (CMT) designation.

No Comment to " Two Moving Average Crosses Point To More Upside For Nokia "