[Entering Position in Nokia (NOK)]
Dear Member:
Nokia (NOK)has been trending up for most of the year and has just successfully retested a support in the $27.20 to $27.35 area. The stock has also moved back above the 20 day exponential moving average. Their phones are extremely popular in Europe and they are moving towards marketing higher end phones in the U.S. The hype over the new Apple iPhone could give Nokia's higher end phones a real boost in the U.S. market. In any event, if I get filled, there is a handy nearby exit if I am wrong on direction.
I am placing an order to buy NOK at a limit of $28.05. If filled, my initial stop will be placed at $27.20.
DISCLOSURE: At the time of publication, I have no position in Nokia (NOK).
Sincerely,
Bill Kraft
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