Monday, October 26, 2009

Tessera Technologies (TSRA)

We have previously profiled this stock.

It had a powerful break out a few weeks back and an ugly volume pullback last week. If you took our previous entry advice you might well have stopped out.



But price is trying to turn ahead of what are expected to be powerful earnings this Thursday after the bell. Price has found support at its 20 MA and largely respected the "buy point" out of the recent base.



We'll enter long south of $30 on a move to intraday highs here in late morning trade.

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