« Symantec Stalls | Main | OEX Labors »
July 27, 2005
Q Moto
Motorola (MOT) unveiled its new Q Smartphone to compete with Blackberry and Treo smartphones. The Moto Q is RAZR thin, runs Windows Mobile 5.0 operating system, features a qwerty key board and is the lightest voice/data device on the market. Look out RIMM and PALM. You know that Nokia (NOK) and Ericsson (ERICY) will also follow one day.
As this chart shows, the day belongs to MOT, which recorded a 52-week high and is challenging resistance from its April 2004 high.
The stock is getting a little frothy with the high volume surge and gap. However, the advance since April is strong and I would expect higher prices. A pullback into the 18-19 support region would offer a better opportunity for new longs.
Posted by Arthur B. Hill at July 27, 2005 08:48 AM