Mobile Communication Stocks Look Exhausted

Recently Motorola Inc.(NYSE:MOT) and Nokia Corp.(NYSE:NOK) have surged higher on the daily charts. The move higher in these stocks come as Research In Motion Limited(NASDAQ:RIMM) has struggled and remains near the low for the year. Apple Inc.(NASDAQ:AAPL) has also been very range bound on the charts and currently looks a bit tired as it nears the high point of it's trading range. Look for a daily chart pullback or consolidation on Nokia Corp. above the $10.00 level. Intra-day Nokia Corp will have support around the $9.75 - $9.70 level. Motorola Inc. could still have some upside on the daily chart, however, it will face important resistance around $8.85 - $9.00. Intra-day Motorola Inc. will have short term intra-day support around the $8.07 area.