Looking for Another Good Fit

On the back of my last post about GE, Nokia might also be intriguing from a long-term perspective.

Much like GE, the firm is announcing news of looking to reorganize, which could help to wake up a stock which has obviously been dead money for years now.

On the monthly chart, below, note the steep multi-year downtrend. However, the stock is now basing sideways and is negotiating the all-important $8-handle to break up and out of the highlghted base consolidation.  

Earnings are scheduled for May 5th, and I am considering either a swing long or a long-term play here, though I have no position at the moment.