Technical Analysis

Chart Look: Yes Motorola, No Google

Stock quotes in this article:MOT, GOOG 

Glancing once more at MOT, the short-term timeframe shows strong support at the $7.75 level and then again at $7.

Although anything can happen in trading, it is very hard to see MOT trading below the $7.75 area on a closing basis now. Too much buying has occurred at this price level, making a breakdown unlikely.

From a swing-trading mindset (holding positions for a few days to weeks or months), GOOG and MOT remain bullish in the short term. GOOG is much more precarious though, and continues to flash warning signs while MOT builds pressure to move higher. If I had to choose one, it would be MOT hands down. The upside there is tremendous.

So, until next time, keep trading the charts!

>To order reprints of this article, click here: Reprints

L.A. Little is an author, professional trader and money manager who writes daily on tatoday.com, a free educational site for traders and investors. He has been featured in Stocks & Commodities magazine and is the author of Trade Like The Little Guy.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet