Momentum Stock – Pixelworks (PXLW)

September 22nd, 2006 • Related • Filed Under




Pixelworks Inc. (PXLW) is a designer, developer and marketer of semiconductors and software for the advanced display industry, including advanced televisions, multimedia projectors and flat panel monitors.

Source: Marketwatch

The stock closed at $2.97 for end of day trading and appears to be in a strong bullish position. After depreciating in price for over two years there are now signs of life. The Moving Average Convergence Divergence (MACD) is now showing “buy” and Directional Movement Indicator (DMI) is likely to follow soon on the two year weekly chart.

Source: Bigcharts

Although upside potential is attractive, I would advise you to place a stop loss just below $2.50. If you feel comfortable with creating flexible room for the stock to move, then a stop loss can be placed just below the $2.00 major support area.

Random Posts

Comments are closed.

  • Polls

    How Has The U.S. Recession Affected You?

    View Results

    Loading ... Loading ...
    • Improve the web with Nofollow Reciprocity.