08-04-2007, 04:50 PM
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Registered User
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Join Date: May 2007
Location: D' burbs
Posts: 1,493
Rewards: 40
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Qwest
Qwest (Q) has fallen though a couple of support points as it fell through it's 50 day SMA. It's now fallen through it's 200 day SMA on high volume and has come up to be sitting just under the 200 SMA resistance.
Might be good for a short if it fails to break back through and heads down.
Next support points are the $8.05 low from AUG 1st (that was a early morning spike, the better resistance support point is $8.25) and the $7.87 low from FEB 8th.
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