Zebra Technologies Corporation, together with its subsidiaries,
designs, manufactures, sells, and supports direct thermal and thermal
transfer label printers, radio frequency identification (RFID)
printer/encoders, dye sublimation card printers, real-time locating
solutions, related accessories, and support software worldwide. It
products are used principally in automatic identification (auto ID),
data collection, and personal identification applications. The company
also provides mobile computing and advanced data capture technologies
and services, which include rugged and enterprise-grade mobile
computers; laser, imaging, and radio frequency identification based data
capture products; wireless LAN (WLAN) solutions and software; and
applications that are associated with these products and services.
Take a look at the 1-year chart of Zebra (NASDAQ: ZBRA) with the added notations:
ZBRA doubled in value from October of 2014 to June of this year.
After peaking at $120, the stock started its current decline that now
has the stock trading below its key level of $75 (red). The break of $75
should lead to lower prices for ZBRA.
The Tale of the Tape: ZBRA broke a key level of
support at $75. A trader could enter a short position on any rallies up
to or near $75 with a stop placed above the level. If the stock were to
break back above the $75 level, a long position might be entered
instead.
No comments:
Post a Comment