Tag: Yahoo Finance

After a 25% Rally, It’s Time to Take Profits in Nokia Stock

Let's get the bad news out of the way first. The trend in Nokia (NYSE:NOK) stock is awful. It is now back to its levels from 1997 -- incredibly far from its dot-com high of $62. In all fairness, a lot has happened since then, so it's important to watch this trend.Source: RistoH / Shutterstock.com And the trend in question shows potential upside even after the recent rally.OK, now it's time for the good news. After the market's hideous reaction to Nokia's October earnings, NOK stock rallied 25% off the bottom. But now it's back into a pivotal zone that dates back to November 2016. If you don't remember, it was during that time period when the stock rallied 65% in the aftermath of President Donald Trump's election.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom a technical perspective, as Nokia stock returns to this zone, it will face resistance....