PT Indosat Accelerates Higher In Late-Morning Action [IIT]

7/9/2007 11:56:29 AM PT Indosat (IIT) surged higher during late-morning trading Monday. The stock traded with uncertainty during the first 45 minutes of the session before briefly moving lower. At 10:30 am ET, shares of the company accelerated higher. At 11:52 am, the stock traded at a mark of $39.81, a gain of $1.84 for the day. PT Indosat was testing a resistance level set in late-May. [rttnews.com]