Zeev's Turnips Patch-No Politics (ZEEV)

[langostino]

zeev - have a look at CELL

with all the telecom earnings disasters (and some non-disasters) now out of the way, it appears some of the fear of an endless free-fall is dissipating (in all telecom names). The Fed-inspired friskiness notwithstanding, there have been a few names with extra "perkiness" and volatility.

With that as backdrop, it looks to me like CELL is one of those names. Certainly intraday volatility has picked up and it's begun building a base. But looking at the chart, I wonder what happens if it breaks north of $11.25 or so?? What are the odds that the thing decides to make a quick gap-closing trip to $13 or so??

Looks to me as though that would only bring it back up a convenient intersection with the downtrend line.

What do you see when you look at that chart?