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Opinion on  Powerwave Technologies Inc. (PWAV)     Sector: Technology  >  Industry: Communications Equipment
Powerwave Technologies Inc.

Aug 05, 2008 02:23 PM GMT
Foto
Return Risk
-24.55% HIGH
Principal

  Analysts'
 Recommendation:
Buy  
    30 Days Ago: Buy  

  Analysts' Target: $5  
Analysts' Targets
 Jefferies & Co. $6 
    Hold
    Friday, August 01, 2008

 C.L. King & Associates $6 
    Accumulate
    Monday, July 28, 2008

 Needham & Co. $5 
    Buy
    Tuesday, February 05, 2008

 Robert W. Baird & Co. $5 
    Strong Buy
    Tuesday, February 05, 2008

PWAV is the classic bottom fishing chart pattern set up that I often write about. The stock is breaking from a rising bottom after breaking its downward trend about three months ago. Support at $3.90, if this trade work the stock should be able to get up to $6 before encountering some major resistance.



PWAV:  This call was made on 08/05/08 @ $4.55
Rating:   Positive   $4.55 (08/05/08)
Gain/Loss:   -69.23% in 480 days
Target:   $8.00 (+75.82%) in > one year


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