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Wednesday, February 28, 2007 

Stocks bounce back but I'm not confident

Chart courtesy of stockcharts

Shares of Srint rose 4.6% to 19.30$ after company posted a higher fourth-quarter profit Wednesday as revenue increased with customer additions to its Sprint network. The technical chart indicates that the stock is in a Bullish mode , close above 50 dma and 200dma. The momentum is good for Bulls with MACD above 0 and RSI in Bullish territory, the volume was huge !!!

Chart courtesy of stockcharts

Shares of Kenneth Cole Productions rose nearly 12% to 25.58 today after the company reported a higher quarterly profit as revenue rose 1.5 percent. Looking at the chart the stock broke out an important resistance at 24.79$. If this chart does what is supposed to do, it will be going higher in the weeks to come.

Macro economic news reported today :

United States economy grows at 2.2% pace in final quarter of 2006 more than a percentage point below the initial estimate of 3.5 percent, much slower than initially thought as businesses tightened their belts amid fallout from the troubled housing and automotive industries.The new GDP figure for the October-to-December quarter was slower than the 2.3 percent growth rate
economists were forecasting.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Tuesday, February 27, 2007 

The First signal was given - Google

Chart courtesy of stockcharts

Be carefull Google Longs, stock price breakdown today the major 450$ support followed by a huge volume. Looking at the chart it's seems that the first signal was given, stock breakdown 450$ and probably it will test soon 430$ area. GOOG is in an overall downtrend right now, so this breakdown can be interpreted as a stock short sell signal.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Monday, February 26, 2007 

RIMM Breakout

Chart courtesy of stockcharts

Shares of RIMM rose more than 4.5% to 146.77$ after Mike Abramsky of RBC Capital Markets upgraded the stock to an outperform rating. Abramsky raised his price target to $180 from $145.Looking at the chart the stock breakout today an important resistance at 145$ followed by a huge volume. All Indicators are Bullish.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Saturday, February 24, 2007 

Breakout stocks

Chart courtesy of stockcharts

RFMD finally broke out today 8.30$ resistance area. It's now ready to go up.

Chart courtesy of stockcharts

USU stock broke out today 15$ with a huge volume.

Chart courtesy of stockcharts

GWW broke out of it's resistance over 80$ during this week.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a good weekend !!!!

AC

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Thursday, February 22, 2007 

Gateway shares Blow up


Chart courtesy of stockcharts

Gateway stock jumped more than 8% yesterday in an anormal volume !!!! Indicators are all Bullish ( MACD is back above 0 and K line is on top of D line, RSI above 50. Keep an eye on GTW. Something strange here.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a good trading day !!!!

AC

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Wednesday, February 21, 2007 

GTW Blow up , HPQ Big drop


Chart courtesy of stockcharts

Shares of Hewlett-Packard dropped 2.03$ or 4.7% after reported a higher quarterly profit late yesterday on strong computer and printer sales during the holidays, but a decline in the company's gross margins prompted worry on Wall Street. The technical chart above shows a breakdown of the trend with a huge volume. Stock has now a support at 40.97$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a good evening !!!!

AC

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Stocks on the move in the afternoon

See some stocks that are showing good and poor performance today :

Most actives : SIRI , INTC , MSFT , CSCO , ORCL , APPL , SUNW

Gainers : JUPM , PRW , ICGN , CORT , CHE

Losers : NFI , SCT , HA , PPK , BTUI , LCRD

HPQ - Hewlett-Packard reported a higher quarterly profit late Tuesday on strong computer and printer sales during the holidays, but a decline in the company's gross margins prompted worry on Wall Street.

MHS - company said that fourth-quarter profit rose, helped by higher rates of dispensing generic medicines.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. See you later !!

AC

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Tuesday, February 20, 2007 

SNDK still trading in a downtrend

Chart courtesy of stockcharts

Shares of Sandisk rose today nearly 1% to 40.52$ after said late Friday it plans to cut 10 percent of its workforce and trim executive salaries to compensate for a recent collapse in price for memory chips. The technical chart above shows that SNDK still trading in a downtrend, I'm still cautions.

Stocks to watch tomorrow : HPQ , MDT , NFI

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a good evening !!!!

AC

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Possible Bullish trend Reversal

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Find above few charts of stocks that are showing a possible Bullish trend reversal.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a good trading day !!!!

AC

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Sunday, February 18, 2007 

RFMD,JDSU,CECO,NVDA

Chart courtesy of stockcharts

Watch RFMD for a possible breakout, above 8.29$. Keep an eye on it.

Chart courtesy of stockcharts

Shares of JDSU rose nearly 5% today, once again with a great volume.

Chart courtesy of stockcharts

Shares of CECO was down 2.56% to 28.88 after company said late Thursday that its quarterly net profit fell, hurt by declining revenues and margins in its typically strong-performing University segment. Stock have recovered in the afternoon most of the morning loses.

Chart courtesy of stockcharts

NVDA confirmed my previous analyse. Looking at the chart the aspect don't looks good, share price closed below 13 dma with big volume again. RSI is now in Bearish area.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice weekend !!!!

AC

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VentureOne, Electric or Hybrid

VentureOne, Electric or Hybrid !!!

Electric tricycles seem to be a growing trend, and we can now add this VentureOne to that list.
VentureOne takes the Carver concept and commercialises it, bolting in that current environmentalist’s fetish the Hybrid Drive and boasting over 100mpg despite 100+mph speeds and 0-60 in 6 seconds or less.

Source & Image:

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Thursday, February 15, 2007 

RNWK shares plunged more than 15%

Chart courtesy of stockcharts

Shares of RNWK plunged more than 15% today closing at 8.97$ following a disappointing outlook from the digital media company that prompted downgrades from at least three analysts. The provider of online music and games issued a full-year revenue forecast that was below analysts’ expectations. Looking at the chart, stock is now in bad situation trading below 50 dma and 200 dma, however in the short term it can recover some of the loses, but I'm very cautions.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Stocks on the move in the afternoon

See some stocks that are showing good and poor performance today :

Most actives : MSFT , CSCO , INTC , QCOM , SIRI , SUNW , ORCL , BRCM

Gainers : SPAR , SLRY , AMPX , LMRA , FCN

Losers : TRXI , CYAN , RNWK , GPR , TSL , BNSO

ABB - company reported earnings that fell short of investors’ high expectations.

AGP - company said its fourth-quarter profit more than doubled on higher premium revenue from a boost in membership.

CAT - Caterpillar said it plans to buyback $7.5 million in stock within the next five years.

JBLU - Goldman Sachs upgraded to a ‘buy’ rating from ‘neutral’.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. See you later !!

AC

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GRAViTONUS Gaming System

Hardcore gamers, prepare to be jealous of the new gaming system for the physically disabled. Gravitonus, a new medical device company from Russia, is raking in the awards for their "Alternative Computer Control System (ACCS)" designed to help paralyzed individuals control computers and "resume active lifestyles".
Kids will love this system !!!!


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Wednesday, February 14, 2007 

AMAT and NVDA in action today after earnings

Chart courtesy of stockcharts

Shares of AMAT rose nearly 4% to 18.89$ after posted higher quarterly profit late Tuesday, topping estimates. Looking at the chart AMAT broke out an important resistant at 18.50$ and it's running to close previous GAP. All Indicatores are Bullishs.

Chart courtesy of stockcharts

In contrast, NVDA lost 1.3% closing at 33.55$ after posted late tuesday a 68 percent rise in quarterly profit as the graphics chipmaker had strong sales of its chips for desktop and notebook personal computers. The cautious outlook upstaged a solid conclusion to Nvidia's fiscal 2007 year. Today stock action make me cautions, open higher and closed lower with a strong volume.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Tuesday, February 13, 2007 

Alcoa and GM shares climb today

Chart courtesy of stockcharts

Shares of GM rose more than 2% to 36.59$ after analysts at Merrill Lynch upgraded it to "buy" from "sell" on increased likelihood of a favorable labor agreement for the company this year. The stock broke out the resistance area of 36.30.

Chart courtesy of stockcharts

Shares of AA rose today more than 6% to 35$ on a speculation that two companies are preparing bids for the world's largest aluminum maker. Looking at the chart we can see a big spike in share price and volume after this news. Let's see if the stock will sustain tomorrow this movement.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Stocks on the move in the afternoon

See some stocks that are showing good and poor performance today :

Most actives : MSFT , CSCO , INTC , LVLT , SIRI , SUNW , ONXX , TEVA

Gainers : ECGI , DFZ , FADV , FEP , HIMX , PCTI

Losers : ENPT , RGF , ININ , IRBT , PAGI , LQDT

GM - Analysts at Merrill Lynch upgraded it to "buy" from "sell" on increased likelihood of a favorable labor agreement for the company this year.

PCLN - The company reported better-than-expected earnings after the bell Monday.

HANS - JP Morgan cut their rating on to "Neutral" from "Overweight ".

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. See you later !!

AC

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Monday, February 12, 2007 

ONXX + 96% , AMD near to recover I suppose

Chart courtesy of stockcharts

Shares of ONXX rose nearly than 100% to 24.15$ after the pharmaceutical company released data from a clinical trial that shows an experimental drug is effective in fighting liver cancer.

Chart courtesy of stockcharts

AMD shares can recover some of the loses in near term according to the MACD indicator. The technical chart shows a possibility of a recover as K line is about to cross over D line. Stock still trading in oversold conditions and closed today at 14.69$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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BMW with an inflatable bubble tent

BMW with an inflatable bubble tent wow !!

The unique item attaches to the back end of the car, allowing campers to make use of the inside of the car, and is inflated is by a low-voltage fan hooked up to the car’s cigarette lighter. All-in, the Air Camper can accommodate two people.

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Sunday, February 11, 2007 

GM and LI , new 52-week high last week

Chart courtesy of stockcharts

British bus and train operator FirstGroup PLC announced a $2.8 billion deal Friday to acquire Greyhound owner Laidlaw International Inc.

Chart courtesy of stockcharts

GM made new 52 wk high last week. If you look at the above chart, you can see the RSI, MACD and Stochastics are all positive. The stock is overbought, and may need to work this condition before heading higher.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice weekend !!!!

AC

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The Most Expensive Pen Ever Create

The Limited Edition Mystery Masterpiece is one amazing pen! A joint creation between Montblanc and Van Cleef & Arpels, there are three variations, set either with rubies, sapphires or emeralds, and accented by diamonds. There are three versions of each pen for a total of nine. Each pen has 840 diamonds and over 20 carats of gemstones set in a Van Cleef & Arpels patented "Mystery Setting" that conceals the stone settings. The Mystery sells for $730,000, making it the most expensive writing instrument ever created.

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Friday, February 09, 2007 

Daimlerchrysler in focus

Chart courtesy of stockcharts

Shares of DCX rose 2% to 64.09 after announced it placed a 7.5% stake in EADS with a public-private consortium; the company also expects to cut about 1,000 salaried staff at its Chrysler Group unit when it announces its turnaround plan next week. Looking at the chart the stock still trading in a Bull mode with all indicators showing Bullishs momentum. Next resistance is at 64.90$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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The Top Ten electric vehicles you can buy right now

Tesla Roadster - This car has reinvigorated the EV market like no other. While technically no one can buy it this year (all 100 vehicles that will be available later in 2007 have already been spoken for, I can't help but place it at No. 1. With a 0-60 time beneath four seconds and a look that makes you just want to hop in and drive.

UEV Spyder - Universal Electric Vehicle's Spyder made an impressive debut at the Santa Monica Alt Car Expo last December, even though I heard a lot of people ask, "Is this the Tesla?" This EV will be available with different battery configurations at different price levels (some comparable to the Roadster). You don't hear so many people talk the Spyder up, but it seems to share many of the same qualities that make the Roadster so exciting: speed, zero emissions, and sports-car styling.

Phoenix SUT – Yeah, it's expensive ($45,000), but EVs aren't cheap. Heck, retired Toyota RAV4 EVs regularly go for more than $50,000 on eBay, and the batteries in those things are old. Phoenix has been working with Altairnano Technologies on new batteries and is bringing this sports utility truck to market with better range than the RAV4 (but, admittedly, not as much size). Phoenix says they hope to sell 500 SUTs by the end of the year.

Miles ZX40 – While the Spyder and the Roadster don't really ask the driver to make any sacrifices (aside from in the bank account), EVs like those from Miles are not a replacement for a "standard" car, but a solid contender for second vehicle for certain families or individuals, or as a main vehicle for those who don't have to go very far. The Miles ZX40 is like a lot of NEVs – limited to a top speed of 25 mph, a range of around 50 miles per charge and a price of about $12,000-$20,000. (We don't actually know the price of the ZX40, but other NEVs are priced in this range). Another Miles model, the OR70, can go 35 mph.

ZENN – Another player in the NEV field, ZENN's cars are "zero emission, no noise." Get it? These NEVs have a lower range than Miles' offerings (only about 35 miles) and are a bit smaller, too. When I drove one in D.C. last year the battery was on its last legs and in need of a charge, but still drove well. The various options can add up to $2,500 to the $12,500 base price. But the most exciting part about ZENN's offerings are yet to come: the EESTOR ultra capacitor is still shrouded in mystery, but the potential is great for this new EV power source (as is the disappointment if the EESTOR doesn't live up to the hype).

GEM e2 – Yes, they look funny. No, they can't go very far or very fast. But GEM electric vehicles have been available for years and the company has a wide range of models available (two through six seats, with or without a flatbed) and prices ($7,000-$12,500). GEMs are used around the country on various campuses, but models like the e2 are obviously targeted to home users.

Smart EV - Available in Switzerland and the UK, the tiny Smart EVs are zero-emission versions of their fossil-fuel drinking cousins. These cars share the easy-parking abilities and unique styling of the standard Smarts, but are only available in the fortwo configuration and only to "to blue chip companies who are happy to meet our requirements to power the cars using only renewable energy sources," says Smart UK. Conversions for your standard Smart are also available.

Mullen L1X-75 – Some of our readers are skeptical of Hybrid Technologies, maker of the Mullen L1X-75, saying their press releases promise more than they can ever deliver. The L1X-75 certainly promises a lot - 100-mile range on a 4-6 hour charge - and this comes at a price ($125,000). Still, the sports car look will attract the eye of those you zip by, and I'd certainly give one a whirl.

G-Wiz EV – available in the UK (and desired by Sir Elton John ), the G-Wiz costs a little bit (£8,299 to £6,999) more than some of the short-range EVs in America, but you get something extra in England, too: exemption from certain taxes and London congestion charges and free parking in some areas. There are even free charging stations in some locations.

Kurrent – A tiny and very distinctive-looking NEV, the Kurrent's price ($10,600) includes home delivery because, as American Electric Vehicle president Scott Thornton, if AEV allowed the Kurrent to be sold at just any dealership, the customer might not be able to drive it home thanks to U.S. laws that restrict NEVs to roads with a posted speed limit of 35 mph or below. Lead-acid batteries deliver a range of about 40-mile range.

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Thursday, February 08, 2007 

Circuit City in action today

Chart courtesy of stockcharts

Shares of CC rose today more than 5% closing at 21.67$ after the company said Thursday it will shutter about 70 stores as it responds to pressure in the electronics retail market and announced the departure of its chief merchandising officer. Looking at the chart, stock closed above 50 dma for the first time since November of 2006, and has formed an interesting trend up, that could close the gap soon.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Give more brightness to your cell phone

Hey everyone !!!

Anyone of us sometimes searches in the web wallpapers to give more brightness to our cell phone, preferentially when we are single men, oh it’s not my case!!! Valentine Day’s is approaching, however the other big "holiday" on that date is the release of the 43rd annual Sports Illustrated Swimsuit Issue and all the hype, history and controversy that surround it each year. This year, SI is going high tech and it's about time too. There is an exclusive cell phone wallpaper of SI swimsuit models available at SI Mobile, and people can see their favourite SI models at any time by downloading cell phone wallpapers from SI Mobile. These images come straight from the photo shoots featured in the magazine, are only $1.99 each and are available for all major wireless carriers. Over 50 supermodels are featured on the site, WOW and you see beautiful girls including Victoria's Secret model Heidi Klum, Marisa Miller, Ana Beatriz Barros, tennis star Maria Sharapova, Molly Sims and 2005 SI cover girl Carolyn Murphy. Also SI Mobile is giving you a chance to download cell phone wall papers, video ringers, animated screensavers and actual video clips. Get Sports Illustrated Swimsuit Edition models on
your mobile phone. Enjoy it !!!!


AC

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Wednesday, February 07, 2007 

CSCO and NORTEL in action today

Chart courtesy of stockcharts

Nortel said Wednesday that it would cut 2,900 jobs this year and in 2008 as part of a larger effort to cut annual costs by $400 million. Shares of NT rose 9% to 28.26$ breaking an important resistance level followed by high volume that confirm a new uptrend in the stock.

Chart courtesy of stockcharts

Shares of CSCO rose nearly 3% closing at 28.09$ after reported earnings and sales that beat analysts’ estimates late Tuesday and issued bullish guidance for its current quarter. Looking at the chart the stock have tested 29$ resistance, all indicators are in Bull mode, however the stock needs to break this resistance to go forward.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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X-Hawk, helicopter-car could be a reality in near future

X-Hawk is a "rotorless" Vertical-Take-Off and Landing (VTOL) aircraft. To be more precise, it is an aircraft that has the VTOL capability of a helicopter, but without the exposed rotors that make it dangerous or impossible for helicopters to maneuver in complex urban and natural environments. Moreover, X-Hawk’s modular cargo bay allows for tailor-made, task specific configurations that enable this aircraft to be an all-around workhorse. Some of the most obvious applications include, aerial medical access and evacuation, power-line maintenance, bridge inspection and ship-to-shore taxi service, to name a few.

AC

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Tuesday, February 06, 2007 

Shares of AVP surged today

Chart courtesy of stockcharts

Shares of Avon Products surged after the company said Tuesday its quarterly earnings climbed in the fourth quarter, beating Wall Street forecasts. Looking at the chart the stock broke out an important resistance at 35$. If this chart does what is supposed to do, it will be going higher in the weeks to come, hovewer we could see a pull back due to the overbought conditions. Macd is rising.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC


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Monday, February 05, 2007 

Shares of RAMBUS blow up !!!

Chart courtesy of stockcharts

RAMBUS " RMBS " shares soared more than 24% to 23.50$ , in reaction to FTC's antitrust order. In its final order, the FTC said Rambus can charge a maximum rate of 0.5% for DDR SDRAM and a rate of 0.25% for SDRAM -- memory chips widely used in personal computers, servers, printers, and cameras. Those rates would apply over three years and then go to zero.!!! however the most important factor was that the commission nothing said about DDR2, the current flavor of memory used in the majority of PCs, nor did they rule on DDR3, which is expected to be the next major memory standard.
The technical chart indicates that the stock is now very Bullish, close above 50 dma and 200dma. The momentum is good for Bulls with MACD above 0 and RSI in Bullish territory, the volume was huge !!!! I'm still Long in the stock.

Stocks to watch tomorrow : CYBX , NUAN

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Stocks on the move in the afternoon

See some stocks that are showing good and poor performance today :

Most actives : MSFT , CSCO , INTC , SUNW , RMBS , DELL , LVLT , SIRI

Gainers : IFIN , CBLI , HLF , RVEP , MTMC , RMBS

Losers : CBRX , NEU , AZL , ATA , GRIN , TMTA

Trade Alerts : RMBS on fire

LEA - Company said that an affiliate group of billionaire investor Carl Icahn has made an offer to buy the company for $36 a share in cash.
WMT - Wal-Mart Stores estimated that January sales rose a better-than-expected 2.2 percent at its U.S. stores open at least a year.
PMI - Company said Monday that its fourth quarter profit fell 7 percent due to loss revenue additions and an increase in losses at its Australia unit.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. See you later !!

AC

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Sunday, February 04, 2007 

Stocks where 13 dma crossed above 50dma

Chart courtesy of stockcharts

Looking at INTEL chart, Bullish MACD crossover - MACD fast line crossed above MACD slow line in the last session. Keep it in your radar.

Chart courtesy of stockcharts

In the daily chart above we can see 13 dma crossing over 50 dma, however the stock may find a big resistance at 57$ the same level of 200 dma. Keep VLO in your watchlist.

Chart courtesy of stockcharts

In the daily chart above we can see that the 13 dma crossed over 50 dma during this week. Next resistance is at 32$ for TXN.

Chart courtesy of stockcharts

In the daily chart above we can see 13 dma crossing over 50 dma .
Stock may find some resistance at 21.80$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice weekend !!!

AC

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Saturday, February 03, 2007 

Electric car

ZAP to Electrify Lotus APX

Electric car manufacturer ZAP will take on Tesla Motors with a high-performance electric vehicle based on a Lotus Engineering design.

Please more electric cars in the world!


Source & Image:
Wired

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Friday, February 02, 2007 

ERIC in action today

Chart courtesy of stockcharts

Shares of ERIC fell more than 5% today closing at 37.12$, after the world’s largest supplier of equipment for mobile phone networks reported fourth-quarter pretax earnings below expectations and lowered its 2007 outlook. Looking at the chart the stock reached oversold conditions in the RSI , however this drop was followed by a big volume, not a good signal for longs.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!! Tomorrow I'll analyse more charts.

AC

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Hovnanian Enterprises in action today

Chart courtesy of stockcharts

Shares of Hovnanian Enterprises rose more than 5% to 35.15$, after Bank of America upgraded stock to “buy” from “neutral” , which said the markets the company serves are stabilizing. In the daily chart all Indicators are showing that stock is now in a Bull Market with MACD above 0 and stock trading again above 50 dma and 200 dma. Today HOV broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next sessions.

Stocks to watch tomorrow : AMZN , ERTS , ISRG , WINN

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!!

AC

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Contact

About Me

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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