Gigamedia Chart
December 2nd, 2008
Just when you start to think that Gigamedia (GIGM) is starting to go back up again, they have another down day. They have enjoyed a nice bounce from their low of $2.90 on 11/20/08, but it doesn’t appear that they have broken above their current three-month trendline. Keep an eye on this trendline, as it can indicate a possible upward movement. One other thing to keep in mind is that over the past few weeks the trading volume was the highest during that deep drop in mid-November. This deep drop was in response to the 3rd quarter 2008 earnings release. Trading volumes have really tapered off since.
As a final note, I currently hold a position in GIGM. This chart was found at Yahoo! Finance.
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