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Netlist Inc. (OTC:NLST) shares are trading higher Monday after the company announced that the Federal District Court for the Central District of California granted summary judgments in favor of Netlist and against Samsung. The summary judgments were for material breach of various obligations under the Joint Development and License Agreement.
Netlist was up 19.62% at $7.50 at last check Monday afternoon.
Bullish traders are looking to see the stock continue to trade above the pattern support line. This line is showing higher lows where the stock has found support in the past. The support line may continue to hold in the future for a time.
Bearish traders are looking to see the stock fall below the pattern support line. This could hint that the stock is ready to see a strong bearish push sometime in the future.
Image by Pete Linforth from Pixabay
Posted In: NLST