TMO performs above its upper Bollinger band after trading at a 50-day high price. According to the 9 previous occurrences of this event, EventEdge indicates that TMO has shown a very strong bullish edge that peaks 9 trading days after the event. Thus, the projected date for the peak of the bullish edge relative to the current event date (Friday, 16 January 2009) is Friday, 30 January 2009. TMO rallies in 89% of the cases (8 of 9) by an average of 10.9% relative to the close on the event date. The average of the 1 decline is -0.4%. The overall return of the 9 cases is 9.7%, which, based on the close of TMO on the event date ($38.9), provides a target price of $42.67.
$35.65 (01/22/09)
