4 June, 2015 at 6:14 am in Business
The company is still massively undervalued, trading with a price/sales ratio of just 0.06, about 10 times cheaper than Walgreen, and is trending in a manner that is very attractive to investors. Back on March 13 the stock broke through its resistance at $1.75 and is now trading at $1.91. Since reaching its 52 week high of $1.95 (last christian louboutin outlet week) the stock has pulled back once to $1.84.
It seems that at such low levels, a little bit of good news was enough to spark a rally and perhaps create some short covering. However, Nokia has many challenges and there is a good chance the rally will be short lived. That is why investors should consider these 4 points and sell into louboutin sale uk the rally now:.
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