Shares of GT Advanced Technologies Inc (NASDAQ:GTAT) got crushed on the news that the company filed for Bankruptcy on Monday. If you are one of the many unfortunate CNBC viewers who blindly followed the advice of the talking heads and bought shares of GT Advanced Technologies Inc (NASDAQ:GTAT), clearly you are not in a good position. It is never fun to watch a...
After the post-earnings bounce early in the week, $GTAT broke through and held a key resistance/support level for the second straight today. 15.25 has been a really significant technical level since March and has acted as a ceiling for any upward move since the breakdown from 20. It also coincides nearly to the penny with the .618 retrace from the big run-up to...
Interesting spot and timing with this stock. If we make it through earnings I could see this stock resuming its trend and challenging its 52 week high on buying of the rumor alone of a Sapphire dominated I phone 6. If we end up with a Saphire I phone 6 then I'm sure this stock will take off and make new highs. From this point to our 52 week high there is a 47%...