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News Breaks
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November 24, 2009
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| 11:57 EDT |  | BRCD |
| theflyonthewall.com: | Brocade levels to watch | | The shares dropped sharply today but have bounced after testing close to the 200-week moving average, last at $6.96. This has been a major support for the shares since May of this year, and had been important support in the prior three year period. A break below this moving average would have major bearish implications. Next support would be at the 200-day moving average, last at $6.69. Resistance is currently at $7.44, $7.57, $7.70. :theflyonthewall.com |
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