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MOTOROLA SOLUTIONS INC (MSI.N)

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring a rectangle chart pattern on Motorola Solutions, Inc.

MOTOROLA SOLUTIONS INC (MSI.N)

Motorola Solutions, Inc. provides public safety and enterprise security. The Company offers land mobile radio communications (LMR), video security and access control and command center software, video security and analytics, supported by managed and support services. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 274.40 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 278.50 levels will confirm the breakout from the 4 month-long rectangle with the possible chart pattern price target of 298.00 levels.

 


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