Chart courtesy of stockcharts ( click to enlarge )BRCM - The immediate support zone for the stock lies at the $19. A close below this level would push the stock to lower levels of $18.72-18.55. However, the break of $20 would send BRCM on another corrective rally, but we remain bearish below $21 a break is needed to challenge last weeks highs at $22.46. I just want also to point out that the daily
Chart courtesy of stockcharts ( click to enlarge )ESLR could move to the $6.80-$6.86 range in the near term. Sell a portion of the holdings if the stock faces resistance at this zone. Hold with a stop-loss at $5.83.Chart courtesy of stockcharts ( click to enlarge )BIDU is trading close to the resistance level at the Rs $280-$281 range. A close above this range would impart strength and the stock
The US markets still showing clear signs of uncertainties and fears just a day after the oil shot to the 120 dollars per barrel, which caused a new wave of fears of economic recession in the U.S. Oil prices shot Monday in an unprecedented way in New York, rising more than $16 in a single day to $120.92, pressured by the decline in the dollar and technical factors. Prices today rectified yesterday'
Chart courtesy of stockcharts ( click to enlarge )XOM - The overall outlook for the stock appears bullish. Only a close below $78.71 ( 50-day moving average ) would negate the bullish outlook for the stock. A close above $82 would reinstate short-term bullish trend that could propel the stock to the next target zone of $84.33-85.47. Technicals are bullish ( MACD , KD , RSI ) signaling sideways to
Chart courtesy of stockcharts ( click to enlarge )Yahoo moved higher to the second target at $19.21. I had propounded the arguments for the formation of a long-term on a break of the downtrend line last week. The movement of the stock last week is promising and the short-term up trend can continue to take the stock higher to $20 or $20.19 respectively. Short-term traders can hold their longs with
Chart courtesy of stockcharts ( click to enlarge )GOOG - From a near term perspective the most obvious level to watch is right now the $442 level. The bulls need to push prices above this level to start making some progress. A failure to take out this level in the next sessions is outright bearish and suggesting a test of key support at the $406 level.Chart courtesy of stockcharts ( click to enlar
Chart courtesy of stockcharts ( click to enlarge )Daily chart is showing that EBAY has been in a downtrend since April. The declining 20-day moving average clearly is showing this. The stock has chance to start new rally as K line is slightly above the D line. However since the stock is still weak as MACD is below 0, if K line fails to stay above D line, the downtrend may continue. We need to see
Chart courtesy of stockcharts ( click to enlarge )CIEN - From the technical chart above it looks like the stock is ready for rebound as K line is about to cross on top over D line. In addition low ROC at oversold level should attracts buyers. CIENA is a good bet for a long player. Even in this economic enviroment the company continues to make a profit and is projected to do so in the immediate fut
Chart courtesy of stockcharts ( click to enlarge )MI "Marshall & llsley Corp". Watching for an ascending triangle breakout.Chart courtesy of stockcharts ( click to enlarge )Yahoo appears to be trading within a falling wedge pattern, keep an eye on the downtrend line resistance as this is what will be the first step to a bounce and reversal.Chart courtesy of stockcharts ( click to enlarge )RAMR
Chart courtesy of stockcharts ( click to enlarge )Google along with the other major internet stocks have sold off sharply over the past few days.The stock has been trending lower since last May making lower highs and lower lows. Today the stock broke the key $460 support level. Expect more downside in the near term, Google looks especially vulnerable as smaller bounces precede sharp drops.Chart co
Chart courtesy of stockcharts ( click to enlarge )The stock surged in early August and broke falling wedge resistance with good volume. The decline over the last few weeks occurred on lower volume and the stock is firming around 26.75. A break above the August highs ( 28.39 ) would get the bulls moving again.Chart courtesy of stockcharts ( click to enlarge )As long as the stock holds above the $46
Chart courtesy of stockcharts ( click to enlarge )MOS - Stock rallied back to resistance on low volume and broke trendline support. A move to the August lows looks inevitable. Chart courtesy of stockcharts ( click to enlarge )CIEN - Chart shows a positive divergence on MFI while price stock moves down. For a bullish trigger back into this stock, look for the price to break above $17.49 on above a
Chart courtesy of stockcharts ( click to enlarge )RMBS has a pretty nice looking chart here pulling back to converging support. The 50-day moving average at $16.91 should contain this pullback.Chart courtesy of stockcharts ( click to enlarge )Sigma Designs which makes chips for IPTV set-top boxes and for Blu-Ray players, said Thursday its fiscal second-quarter profit rose 12 percent from a year ag
Chart courtesy of stockcharts ( click to enlarge )RIMM is losing momentum and the daily relative strength index has entered the neutral region from the bullish zone. Investors may hold with a stop-loss at $125. Only a close above $131 would negate the short term bearish outlook.Chart courtesy of stockcharts ( click to enlarge )GOOG declined to a support zone and upside volume is starting to pick u
Chart courtesy of stockcharts ( click to enlarge )LDK gapped up off support in early August and continued higher with expanding volume. Look for a break above $50.95 to revive the bull.Chart courtesy of stockcharts ( click to enlarge )SOLF remains in a clear uptrend, but there were four days of high volume selling pressure and this stock is way overextended. After two weeks of consecutive up days
Chart courtesy of stockcharts ( click to enlarge )NVDA has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $13/share Tuesday on a respectable volume in the face of a collapsing market. This breakout suggests a possible move to fill the gap in the low $18. However there is a strong resistance to break before move to $18 zone, the 50-day moving average at $1
Chart courtesy of stockcharts ( click to enlarge )The stock is moving in an upward channel with higher highs and higher bottoms a sign of a genuine up trend in progress. The volumes are going up simultaneously along with prices, it is clear that the underlying bullish trend will sustain. RSI is clearly overbought and shows a negative divergence, which could lead to a strong correction this week. C
Chart courtesy of stockcharts ( click to enlarge )Trinty looks like it is trading in a bull pennant with volume contracting as it consolidates. These patterns generally resolve to the upside as continuation patterns, so I am looking at a break of the recent narrow range candles as a potential signal that the uptrend is resuming. A breakout from the bull pennant should mark the beginning of the nex
Chart courtesy of stockcharts ( click to enlarge )CIEN showed a bullish movement on Friday when it closed the resistance at $18.69 accompanied with a large volume of about 5.5 M shares. The MACD has currently crossed above the signal line indicating a buy. From mid-May to mid-August this year, the stock lost half its value. The stock looks attractive at current levels, considering the good fundame
Chart courtesy of stockcharts ( click to enlarge )FSLR - With MACD below 0 the stock is still in bear market so wait until the stock reverse back to uptrend before you buy the stock. For now the stock is holding the 200 DMA and the horizontal trendline as well. Hold with a stop-loss at $243.03. If stock breaks this level then the stock can head to $234 and if this level is breached then the level
Chart courtesy of stockcharts ( click to enlarge )BIDU has support at $300. If the stock sustains above this level, then it might go to $319.78 (20 DMA).On the downside, support after $300 is at $287.23. The technical chart shows the stock is in a bear market as it is way below both 50 day and 200 day moving average. All indicators still point to a bear market. The trend is currently down.Chart co
Chart courtesy of stockcharts ( click to enlarge )FNM sure took a hit in July and managed to find support around 10-14 with upside volume starting to pick up. The stock broke down its support on Friday on increased volume and selling pressure making this stock appear that it could easily be sent down to its support around 6.80. Only the break of the prior support now resistance confirmed by a dail
Chart courtesy of stockcharts ( click to enlarge )RIMM - This stock chart is looking very strong right now and if price breaksout above $129 share, I think we could see a strong short term move to $140.Hold with a stop at $120.Chart courtesy of stockcharts ( click to enlarge )The stock has short-term support in the band between $36.14 and $36. A slide below $36 can drag the stock price to $35.14.
Chart courtesy of stockcharts ( click to enlarge ) Q - The stock failed to break the resistance at $3.90 in July and looks like and accident waiting to happen.Today Qwest broke the major medium term support indicating a strong downmove in the coming days. Keep watching the stock for a major downmove if it breaks the next support at $3.41 on a close basis.Chart courtesy of stockcharts ( click to en
Chart courtesy of stockcharts ( click to enlarge )Shares of 3Com Corp surged more than 10% after the company raised its first-quarter sales and profit forecasts amid gains in China. 3Com Corp expects its first quarter results to be stronger than expected due to solid performance its China operations. It expects sales in China to be 10% higher than in the fourth quarter. Company also said it expect
Chart courtesy of stockcharts ( click to enlarge )SBUX - The stock closed below its 20-day simple moving average at $14.49 again. Generally this is a bearish indication. In this new downtrend, the stock may find support at $14 if there is a spurt in volume in the coming sessions. If Starbucks breaks below $14, then we may see this stock going down till $13.33 again. The short-term outlook for the
Chart courtesy of stockcharts ( click to enlarge )RFMD - The stock saw huge rise in price in the last trading sessions after reported earnings that beat Wall Street estimatives. The stock broke out of an important resistance areawith excellent volume and it could be a nice continuation long for you swing-traders. If the stock is able to sustain above this level, then it might go to $3.92.Chart cou
Chart courtesy of stockcharts ( click to enlarge )QCOM is one of the hottest stocks in the market right now. The stock is looking good and looks set to break into new highs, but if prices pullback, the $54 level is a possible area for them to be supported at. All indicators still point to a bull market. The technical daily chart above shows the stock is now in a very strong upward momentum as both
Chart courtesy of stockcharts ( click to enlarge )RMBS - Recently the stock has been on rally after the company announced its earnings. Even today the stock surged 3% to $16.78 cents per share. Let's take a detail look at the stock to see if it's worth buying. The stock overall is still weak with 50 day moving average now below 200 day moving average, however looking closely at daily technical cha
Chart courtesy of stockcharts ( click to enlarge )PMCS is still holding support AT $7 but at the same time has not bounce very strongly here. A break below $6.98 area will likely be bearish for stock, on the other hand a close above $7.85 on heavy volume will launch a rally.Chart courtesy of stockcharts ( click to enlarge )BUCY - The stock has resistance at $72.50. If the stock is able to cross th
Chart courtesy of stockcharts ( click to enlarge )SOHU has good support at $75.83. If it falls below this level, then it can possibly go down to $67 area. Looking at the daily chart, it shows positive signs as 50 day moving average is on top of 200 day moving average with stock trading above both moving averages. MACD also show bullish signal as MACD is above signal line. However ROC and KD are so
This past weekend I was in my local library and perusing through the financial section when I picked up Jim Cramer’s Real Money (2005) and Mad Money (2006) books. I’d heard obliquely of Cramer before, but, I think because historically I’ve been so focussed on “DRIPPING” as my sole investing strategy, I’d never had [...]
Hey everybody I’m back from my holidays, what a fantastic time. If you ever have a chance, go to Disneyland Paris with your Childs. Worths a visit. I also went to see the Eiffel Tower and other famous landmarks of the capital. France is a wonderful country with such friendly people. I had a really lovely time with my family there. Now it’s time to back to work again.Chart courtesy of stockchar
Chart courtesy of stockcharts ( click to enlarge )FSLR has had a hard time with resistance here, but may be ready to move higher. The level which the stock may have trouble moving above, is today at $292.88. It would need to break above that level to run to $317. The technical chart shows the stock is rising as K line is on top over D line showing buy signal. However unless the stock can break abo
Chart courtesy of stockcharts ( click to enlarge )FSLR - First Solar is doing relatively well considering the market's condition. The stock has held its recent gains quite well and closed above its 50-day moving average for the third consecutive session. Even though the stock is up around 20% in a few weeks, the bears do not have a leg to stand on as long as $234 holds. On the other hand any close
Chart courtesy of stockcharts ( click to enlarge )MRVL formed a falling price channel correction over the last two weeks and a move above $16.20 would be bullish. The technical chart shows possibility of new rally as the stock bounced up after dropping back to 200 day moving average. In addition K line has just crossed on top over D line showing buy signal as ROC is at oversold level. Stay tuned o
Chart courtesy of stockcharts ( click to enlarge )AAPL is sitting under resistance at $180.91. The stock needs to break this resistance or will revisit the $165 area soon. Watch for high volume and relative strength/weakness before you jump on board.Chart courtesy of stockcharts ( click to enlarge )The activity in Rambus options has been heavy in recent days. It appears that investors are position
Chart courtesy of stockcharts ( click to enlarge ) Looking for the latest news from Wall Street regarding NVDA , it looks like many people grabbed the recent drop in share price to put their money working on the long side in this baby, probably thinking like myself that this could be the best opportunity for Intel to buy NVDA. Yes, I’m not joking but I remember rumors that circulated in the mark
Chart courtesy of stockcharts ( click to enlarge )LVLT - The stock moved further downwards to the low of $2.58. It is possible that support may be available at this level, before the GAP. If this level becomes a support, it is interesting to note that the RSI and MACD is still creating higher lows. By the MACD alone, we could infer that there is accumulation going on at this stage as the MACD has
Chart courtesy of stockcharts ( click to enlarge ) The stock moved in a range of $180 and $164 during the course of the past week. The stock faces now resistance at the $175 level ( 20 DMA ). The stock has formed a positive divergence pattern and we could see a rally on the stock, if it is able to move above the $1
Unlike most narrow-minded finance freaks, I like to introduce you readers to all strategies, especially proven profitable ones, no matter if they’re not right for me cuz I’ve got the patience of a paparazzi photographer trying to snap shots of ARod & Madonna. So, here are the 2nd half picks of a longer-term trader who [...]
Chart courtesy of stockcharts ( click to enlarge )The stock is pulling back after recent strong move up. If it does not catch support here on its 20 day moving average, look for support at the $16. The technical daily chart above shows that MACD fast line has fallen below slow line which could mean that this stock is losing momentum. Overall still bullish, but negative momentum is on the rise. Sta
Chart courtesy of stockcharts ( click to enlarge )Shares of Yahoo surged today after having been reported by the Wall Street Journal that Microsoft may once again approaching the company with the aim of the purchase. This source reported today that Microsoft approached the company " media " to try to" break " Yahoo. The largest software in the world have had conversations with Time Warener, the Ne
Chart courtesy of stockcharts ( click to enlarge )From my point of view I think Google may break down here. This stock is slowly but steadily coming down on each passing day. Up/Down volume pattern indicates that the stock is under Distribution. The stock closed fractionaly above the major support at $525, but any close below this level could have further negative implications for the stock, and a
Chart courtesy of stockcharts ( click to enlarge )PMCS - The stock dropped more than $1 in the last three days. It looks like investors are getting pretty nervous over how earnings might play out and the recent news from its rivals were so bad that it will not for sure help the sentiment on stock. Looking at the daily chart the stock broke down on yesterday reversing a three-month uptrend. In addi
Chart courtesy of stockcharts ( click to enlarge )RIMM - Looking at the daily chart above, the stock broke out the upward channel today which may implement resistance at $120. The technical indicators MACD, RSI and KD all point to downward trend.Chart courtesy of stockcharts ( click to enlarge )YHOO - Consolidation? Volume reducing on the way down. On watch.Chart courtesy of stockcharts ( click to
Chart courtesy of stockcharts ( click to enlarge )POT broke double top support with a high volume decline in mid June. Broken support turned into resistance around $215. The pattern looks good but any move below the support opens the door to the mid 200s . It is better to stay at the sideline and see how the stock react for the next few days as the stock has approached the pressure line of 20 day
Chart courtesy of stockcharts ( click to enlarge )LEH - Lehman shares rose today with other financial stocks, gaining more than 6% to $24.35. From the technical chart the stock looks weak as the stock is still trading below both 50 day and 200 day moving average with MACD below 0 indicating bear market. However, the surge today brought K line to near D line indicating that we can see a rally soon.
Chart courtesy of stockcharts ( click to enlarge )LDK - The channel got busted early this month and anything below $35.35 will bring in two lower highs and two lower lows into the set up and that is going to be scary for Bulls. Further, falling MACD and KD, also indicates bearish trend. Looking closely at the moving averages both indicates neutral as the stock is now trading in between 50 day and
Chart courtesy of stockcharts ( click to enlarge )SIRI - The stock is in a down trend since December 2007. The pattern formed resembles a descending triangle formation. This is a bearish formation and indicates that the stock can move lower over the medium term. Consider a long position once it rallies past $2.72. Major support is now at $2.36.Chart courtesy of stockcharts ( click to enlarge )ESLR
Chart courtesy of stockcharts ( click to enlarge )BIDU - the stock is sitting right on its 200 day moving average at $312.The technicals, although basic, point to a move higher in the coming days. More encouraging news is that we are issuing buy alert on the stock as KD shows rally's coming as K line has just rose above D line. On the other hand, if BIDU breaks down below $310 on high volume, the
Chart courtesy of stockcharts ( click to enlarge )POT - Early in the morning the stock broke resistance and made a new all time high, but had very little follow through. The stock ran up to $229.21 and pulled right back down to $223.10. Watch for a confirmation to enter long again.Chart courtesy of stockcharts ( click to enlarge )MOS closed at $149.63 above the previous top of $143.32 printed on A
Chart courtesy of stockcharts ( click to enlarge )BIDU - The stock found support around $315 and bounced up with good volume. Fresh shorts should be initiated only if the stock falls below this level.Chart courtesy of stockcharts ( click to enlarge )ESLR - Nice close today. Technically looking at the daily chart above, we can see a positive divergence of MACD when a new low was printed on March. P
Chart courtesy of stockcharts ( click to enlarge )CSIQ's chart looks interesting. After the big move up in May, the stock filled the gap from the previous high on much lower volume. Now, stock needs to sustain above $35 to make a move to its recent high of $48.91. This is a risky play but I think this stock could go much higher very soon. Looking at the daily technical chart, the moving average in
Chart courtesy of stockcharts ( click to enlarge )GOOG has broken above its downtrend line in May at the $450 level. Since then, the share has been trading very well giving a lot of confidence to investors. Currently, GOOG appears to be in an ascending triangle, with breakout at $590. Its recent high was $602 recorded on May 3. The share has been pressing against the breakout level for the past fe
Chart courtesy of stockcharts ( click to enlarge )GOOG - From the chart above, we can see that the stock has found a nice support around the $560 level. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let's keep an eye on her as i think momentum will pick up.Chart courtesy of stockcharts ( click to enlarge )After the recent fall, this stoc
Chart courtesy of stockcharts ( click to enlarge )On Wednesday Advanced Micro Devices launched a new fleet of semiconductors for laptops as part of a major shake up of its mobile line that it hopes will boost sales. The package of chips, known as Puma, brings together AMD's microprocessor prowess with the graphics expertise that AMD obtained through its controversial acquisition of ATI, allowing A
Chart courtesy of stockcharts ( click to enlarge )AKNS looks like is consolidating between $7 and $6.4. It has formed a symmetrical triangle with resistance at $7. Possible upside target price of $8. For those doing range trading, you can buy at $6.50, sell at $7, cutloss at $6.25. Although the moving average still shows weakness as 50 day moving average is below 200 day moving average, positive m
Chart courtesy of stockcharts ( click to enlarge )CLMT is starting to show signs of accumulation with high upside days and low downside days, watch $16 for a breakout. Inside trading is very active.Chart courtesy of stockcharts ( click to enlarge )LDK has soared in recent months. The stock is pulling back to the breakout area. Watch to see how it reacts to the ascending wedge. The %K line cross be
Chart courtesy of stockcharts ( click to enlarge ) My new big pick is ESLR. Evergreen Solar, Inc. develops, manufactures, and markets solar power products primarily in Europe and the United States. It utilizes its proprietary ?String Ribbon' technology process in manufacturing ribbons of crystalline silicon, which are then cut into wafers. These wafers are the primary components of photovoltaic ce
Chart courtesy of stockcharts ( click to enlarge )RFMD gave us a small move, which could be the start of a bigger move. If RFMD can break through Thursday’s high of $3.80, we should see a strong follow through move. This move would break the short-term downtrend, and should drive the stock back towards highs. Keep watching RFMD for a bigger move soon.Chart courtesy of stockcharts ( click to e
Chart courtesy of stockcharts ( click to enlarge )PFE - This stock looks bullish via the Bullish falling wedge. However, a buy signal has not yet been generated for Pfizer, which will not occur until it breaks out of the falling wedge pattern. I would not go long this stock before it gives a true buy signal because it still has room to fall to the bottom of the wedge. The entry strategy is to buy
Chart courtesy of stockcharts ( click to enlarge )ESLR was one of the stronger stocks today. Evergreen Solar rises sharply on Thursday as the solar panel maker announced $1 billion in contracts after a challenging start-up of its new factory north of Boston.The news brought out bullish players in the options market, who bought June call options at a $12.50 strike price (that's out of the money), b
Chart courtesy of stockcharts ( click to enlarge )CLMT - This stock has made a very strong vertical move over the last three sessions. The Inside trading is very active, as table below shows. The short-term target is difficult to judge, the stock has made a major breakout in the last two sessions. The long-term target in my opinion is 20-plus. The technical daily chart shows very positive sign as
Chart courtesy of stockcharts ( click to enlarge )The price of this stock pulled back from $25.31 and created a perfect opportunities for investors to buy ! Volume declined on the pullback which is positive. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. I believe this stock can run higher from here.Chart courtesy of stockcharts ( click to enlarge )Southwe
Chart courtesy of stockcharts ( click to enlarge )FSLR - The stock will retract to the $287.65 level and try to establish support there. If support holds, then it'll advance again to a new high, but if support fails, then the next level of support is at $260. Any fall below $279 will ring my alarm bells and a break below $260 would signal a definite reversal. Chart courtesy of stockcharts ( click
Hello Friends, I know that many of you are a little resilient about the state of the market, but it becomes obvious we're not in a deep recession as many have predicted. Even with the recent contraction in some sectors, people continue to spend and companies overall reported good earnings. I still believe that we'll see during this year Dowjones hits new highs even with the current high price of O
Chart courtesy of stockcharts ( click to enlarge )NVDA broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next days. The technical daily chart shows new rally has begun as K line has crossed on top of D line and price broke through the major resistance. This new rally should at least push the stock to $27.10.Chart court
Chart courtesy of stockcharts ( click to enlarge )FSLR - Today's action suggested that there is more room for the uptrend to grow on stock before a more significant pullback. A sustained break of $306.89 should bring the stock to a test of all-time highs in the $309 area.Chart courtesy of stockcharts ( click to enlarge )PNRA has been in a steady uptrend for the last six months and is now very near
Chart courtesy of stockcharts ( click to enlarge )EXM broke through resistance that had been holding since mid April. A volume surge accompanied the move. Any pullback should be seen as a buying opportunity.Chart courtesy of stockcharts ( click to enlarge )The RFMD closed under its' resistance and still has room for a move up. Although the moving average still shows weakness as 50 day moving avera
Chart courtesy of stockcharts ( click to enlarge )RIMM broke out of its ascending triangle on strong volume and hit my price target in the $130’s. Currently RIMM has consolidated into a tight pattern and could be bought for a trade on a break of $135.85. This is not a swing candidate, but a day trade candidate on a break of $135.85 on strong volume. The technical chart shows the stock is in a strong Bull market as the stock is above 50 and 200 day moving average and both going up. In addition, MACD still show buy signal as MACD is still above signal line.Chart courtesy of stockcharts ( click to enlarge )LDK is in an ascending triangle pattern with strong support at the uptrend line and resistance at the horizontal line. Buy point is on the day it breaks $37.50 on heavy volume.Chart court
Chart courtesy of stockcharts ( click to enlarge )TTEK good earnings and a nice looking chart. TTEK is setting up for the next leg up. Doji candle on yesterday session near expected support, helps today rally on stock price. Today the stock broke a bullish pennant formation, therefore it may retest or overtake highs very soon. The pennant formation is characterized by a large volume spike in price over a few days followed by consolidation where price converges and volume diminishes often resulting in a breakout in the direction of the previous trend. The chart provide you a much better explanation. TTEK will be on fire again....... backup the truck.......Chart courtesy of stockcharts ( click to enlarge )First Solar is at a point where the stock is going to make a move. Whether this is an
Chart courtesy of stockcharts ( click to enlarge )TRN - Just to follow up on my earlier postings, it looks like Trinity Industries is setting up nicely for a pullback swing trade. This would be a good opportunity to add to our position. A potential re-entry point would be on take-out of high at $33.9. It looks well supported at $32 - the last swing target, which was taken out decisively on Thursday and now serves as the support.The resistance now is at $34.70 which if taken out could lead to more new highs. We need to see what happen to project the next swing target. TRN is also one of the favourite stocks of Cramer. Cramer said that the U.S. is facing a shortage of supply of windmills. "Everybody who's involved in making them, it's a win still," Cramer said. He recommended Quanta Services
Chart courtesy of stockcharts ( click to enlarge )AMD - The stock has cleared its downtrend line that had been in place for three months. The stock dropped at the beginning of the year, rebounded, dropped again, and rebounded once more. Along the way, AMD traced a downtrend line, which it has been broken over today session, with a big rally. The momentum indicators have turned up and the RSI is on the rise. Although both 50 day and 200 day moving average are showing weakness, KD line is indicating upward swing and MACD back above the sell line. For the short term the stock should still continue to go up. Chart courtesy of stockcharts ( click to enlarge )CGNX - The stoc has consolidated above the breakout point and is starting defend support. Technically the stock is on a bull market as the
Chart courtesy of stockcharts ( click to enlarge )The area of previous resistance of MOS around $120 has become support. If the support holds, then it signals an intermediate to short term trend change. In this case it quickly rise away from support, but if support is broken, then expects a move to $113. From the chart above, the stock shows positive sign as 50 day moving average is on top of 200 day moving average with stock trading above both moving averages. MACD also show bullish signal as MACD is above signal line. However KD are somehow weak as K line is below D line. So, if you're long on this stock, hold with a stop-loss at $122.61, on the other hand the buy point would be when the price breaks $138.53 on heavy volume.Chart courtesy of stockcharts ( click to enlarge )POT has been
Chart courtesy of stockcharts ( click to enlarge )NVDA - Nvidia gave us a small move on Wednesday, which could be the start of a bigger move. If the stock can break through Wednesday’s high of $20.66, we should see a strong follow through move. This move would break the trading range, and should drive the stock back towards highs. Although the stock didn't perform well since the start of the year, we should see a rebound very soon as the technical chart now shows positive momentum is back as MACD is above 0 and K line is on top of D line. In addition 20 day moving average and 50 day moving average seems both are stabilizing which is a very positive sign.Keep watching NVDA for a bigger move soon.Mowrey and Buckingham have a 12- to 24-month price goal of $47 for Nvidia. Click here to know
Chart courtesy of stockcharts ( click to enlarge )RFMD - Shares of RF Micro Device surged 13% to $3.05 per share. This stock has been on a remarkable downtrend since the begin of the year. Today stock broke out an important resistance of $3.03 with heavy volume. The rising KD has carried the stock back above 50 day moving average. The stock is now back to uptrend and with MACD back above 0 and KD rising we should see stock now starting to go up. The chart above gives me great confidence !!!Chart courtesy of stockcharts ( click to enlarge )CREE - On the long term chart of the CREE, you can see that it has broken the uptrend support line stated in early November of 2008. The next support is $24, but the important thing to take from this chart above is that the major uptrend that began in Nov
Chart courtesy of stockcharts ( click to enlarge )Rambus was in focus today after has scored another legal victory in its long-running battle to collect millions of dollars in royalties on its patented designs for computer memory chips. A federal appeals court ruled Tuesday that the Federal Trade Commission didn't offer enough evidence in accusing the company of engaging in monopolistic behavior. This is GREAT !!! Looking at the daily chart above it shows this is the time to place your bet here as many technical indicators show buy signal. Although MACD is a little big weak, any rally should easily bring it back to bull market. Another one KD show buy signal as K line is again on top of D line. The stock has been back on uptrend since early March and now with stock back above 50 day and 20
Chart courtesy of stockcharts ( click to enlarge )AAPL - Chart is printing a strong Bullish movement after stock has broken the key resistance area of $155. The technical chart shows the stock has just entered into a bull market as the stock is on top of 50 day and 200 day moving average. In additon, MACD also shows buy as MACD is on top of signal line. This chart is clearly telling us that the place to be in AAPL is on the long side, however you should be prepared for the possibility of a pullback to test the breakout line. I expect a continuation of the upward movement.Chart courtesy of stockcharts ( click to enlarge )HLF - It looks like a possible head and shoulders formation but for the pattern to be complete, the HLF would have to make a close below $46. If the stock closes above its
Chart courtesy of stockcharts ( click to enlarge )LVS has been in a corrective phase since the beginning of this year along with the rest of the US equities. LVS was a nice play on the short side after have broken the support line this week, however it looks like there is more downside here. Short term momentum indicators, like MACD, RSI, Stochastics are substantially oversold but have yet to show technical signs of a recovery.Chart courtesy of stockcharts ( click to enlarge )Google on Thursday posted a better-than-expected profit. Company said first-quarter net income rose to $1.31 billion, or $4.12 per diluted share, from $1 billion, or $3.18 per share, in the year-earlier quarter. Excluding one-time items and stock option expenses, profit was $4.84 a share, ahead of the average Wall Str
Chart courtesy of stockcharts ( click to enlarge )FSLR - Price broke its bullish flag pattern to the upside Tuesday suggesting a continued bullish run. We should expect to see $291.49 horizontal resistance to be broken soon. Let's keep an eye on it.Chart courtesy of stockcharts ( click to enlarge )The technical chart shows RFMD stock is probably at or at least near the bottom as the price has stay the same for the past month and was back to the support established last March. Although the moving average remains weak, as soon as there's any breakout above 20-day moving average and 50-dma we should see a lot more buyers coming. Keep an eye on her.Chart courtesy of stockcharts ( click to enlarge )Looking at the technical chart, it still showing very bullish signs with 50 day moving average on
Chart courtesy of stockcharts ( click to enlarge )NTRI was one of the best performances over last week on Nasdaq, gaining more than $5 in two days . Nutrisystem on Tuesday announced a better-than-expected first-quarter sales forecast and set a transition plan for its chief executive post. Company said it expects to post first-quarter revenue of $216 million and operating profit of $21 million to $24 million, ahead of Wall Street estimates. From a technical point of view, the company may be able to recover lost momentum after declining for the past 9 months. Since the highs of $74.09 in July, shares have fallen more than 70%. At this point, there is a high level of probability that we have seen the bottom, and stock may be ready to go higher from here. A long position now should be seen a
Chart courtesy of stockcharts ( click to enlarge )SPWR - After a strong rally in the last couple of days, stock's pulled back a little bit, finding a nice support on its 200-day moving average. If price breaks above the last price spike resistance of $94.34 I think going long will present a very possible profitable trade. Keep this stock on your watch list in the coming days. It's still a nice bullish pattern.Chart courtesy of stockcharts ( click to enlarge )BUCY looks ready to make a new 52 week high. The technical chart shows possibility of new rally as the stock bounced up after dropping back to 20-day moving average as both 20 day and 50 day moving averages are both pointing up. In addition K line has just crossed on top over D line showing strong buy. The buy point would be when the p
Chart courtesy of stockchartsRIMM gained momentum in afternoon trading on increased volume and ended the day with a gain of 2.46% to $120.98. The technical chart still shows bullish sign as the stock is now on up trend and MACd is back above 0. Buy point would be on the day it blows through $124.03 on heavy volume. Keep an eye on her.Chart courtesy of stockchartsBUCY looks great on both a weekly and daily charts. The good news however is that stock is getting closer to a major break-out, so keep an eye on her for a possible breakout over $114.93. Looking at the daily chart, the stock is still in bull market as 50 day moving average is still above 200 day moving average so any pull back would mean buying opportunity. Stay tuned.Chart courtesy of stockchartsJDSU tested the breakout area tod
Stock, this terminology is the fund raiser of a corporation in the name of capital by issuing and selling shares. A shareholder is a person or an organization that owns shares of a corporation. Stock exchange is an organization that offers a marketplace for share trading. In this market the investors can buy as well as sell shares in an extensive range of companies. A general practice is that a company will list its shares in one exchange only by maintaining the listing details of that specific stock exchange. Stocks are classified into NYSE-listed and NASDAQ- listed stocks. Both the stock listings are different and never belong to the same group as well. Though trading is easy, no one can deny the fact that it is also the only source for making quick money. However, with minimized risks,
US Investment Bank - Merrill Lynch has picked plywood manufacturer Ta Ann Holdings Bhd, gaming operator Resorts World Bhd and banking group AMMB Holding Bhd as its most preferred stocks in Malaysia.The bank believes the three stocks will appeal to investors with an investment horizon of less than 12 months.Merrill, in a report yesterday listing its favourite and least preferred stocks for April, said it replaced MMC Corp with Ta Ann as it believes the latter will benefit from a cyclical recovery in plywood prices.It has a target of RM10.15 on the stock, implying a 50 per cent upside from its closing price of RM6.75 yesterday.Ta Ann, whose shares have been rising since mid-February, is also deemed a "buy" by at least five of six other research houses that track the company. This includes Cr
ANALYSTS RECOMMEND BUYING SHARES of Philippine National Bank (PNB) after the Supreme Court upheld a 2006 Sandiganbayan decision nullifying a sequestration order issued by the government on some...
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Markets may be in a turmoil, but hedge fund veteran Leon Cooperman still thinks equities are a buy, and shares some of his best picks.By Katie Benner, writer-reporterCooperman believes the market has already priced in the worst economic data.More from FortuneDrawn-out Citi search nears endNEW YORK (Fortune) -- In the days leading up to the August credit crunch, stock prices fell and prognosticators said the bull market had run its course. But Leon Cooperman wrote in an article for Fortune: "I view this market drop as a long overdue correction rather than the end of the bull market."Several months have passed, along with rounds of bank write-downs, broken M&A deals and haywire stock prices, but the founder and chairman of Omega Advisors, a hedge fund with $6 billion in assets, still believes equities should move higher. In a follow-up interview, he points out that the S&P has gained more than 4% since his story and gives his four reasons to still like equities, including Alcoa (
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