TiVo Inc. (NASDAQ:TIVO)
Q: Hi
I have been watching the technicals of smartTrends for a while and specially your recommendations. What should be the support levels that i should be getting in for TIVO and what should be my exit point for this stock. I am a short term investor and I do day trading.
Thanks
~Vish
A:We issued an Uptrend for TIVO on 5/7/09 $7.84. It then gapped up and retraced a bit and found support at the 50-day moving average which is now at $9.14. That is near term support and a lower risk entry level. TIVO should be watched in case it breaks down below that 50-day moving average.