EMC Looking Higher

Mid-Day Minute for Mon April 12th 2010
by Mike Paulenoff, www.MPTrader.com

Be alerted when Mike posts an article

RBC upgraded EMC Corp. (NYSE: EMC) this morning, which has helped goose the stock towards a retest of its March high at 19.04, atop an extremely bullish 2 1/4-year base pattern.  The pattern projects to considerably higher prices in the days and weeks directly ahead. The next immediate targets are 19.90-20.20, and then 20.80-21.10, with my medium-term target in the vicinity of 24.00.

Mike Paulenoff is author of MPTrader.com (www.mptrader.com), a real-time diary of his technical analysis and trading alerts on ETFs covering metals, energy, equity indices, currencies, Treasuries, and specific industries and international regions. Sign up for a Free 15-day trial to Mike's ETF & Stock Trading Diary.

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