Thursday, April 28, 2011

Openwave Systems Inc. (OPWV) Video Chart for Thursday, April 28, 2011

OPWV is taking on the look of a descending triangle, but it is holding a firm support level as well as the 200 day moving average in the area of $2.02. The stock closed up mildly yesterday and should be hitting the watchlist of technical traders to see if a climb over the 50 dma is going to happen along with a run to the upper trendline.

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