Friday, February 29, 2008

SNE - Sony Corp.


Sony Corp. (SNE), traded in somewhat of a range on the DAILY chart before popping higher to the 55-57 level in December. after failing to eclipse that level, the stock decline precipitously below previous support to 43. Has enjoyed a recent jump which I associate with the fact that Blue Ray has defeated Toshiba's HD/DVD format. That being said, it 's unclear whether the recent rally will be more than a counter-trend retracement to the dashed mid-line of the previous decline.


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