TW Telecom inc., together with its subsidiaries, provides managed
network services in the United States. The company specializes in
business Ethernet, data networking, converged, Internet protocol (IP)
based virtual private network (IP VPN), Internet access, and voice,
including voice over IP (VoIP), as well as network security services. It
delivers a portfolio of data networking services, including Ethernet
bandwidth, and integrated and managed network solutions; data and
Internet services comprising Ethernet, managed services, Internet
services, and integrated services; and voice services that provide
customers with local, local toll, and long distance calling
capabilities.
To review TW’s stock, please take a look at the 1-year chart of TWTC (TW Telecom, Inc.) below with my added notations:
TWTC has been trading sideways for the last 9 months. Over that
period of time the stock has formed a clear resistance level at $32
(red). In addition, the stock has also created a strong level of support
at $28 (blue). At some point the stock will have to break one of the
two levels that the sideways consolidation has created.
The Tale of the Tape: TWTC has clear levels of
support ($28) and resistance ($32). The possible long positions on the
stock would be either on a pullback to $28, or on a breakout above $32.
The ideal short opportunity would be on a break below $28.
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