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Thursday, July 05, 2007 

Trade Analyses - Research in Motion, Priceline, Bucy , Verigy , Palm , Macrovision, CRDN

Chart courtesy of stockcharts

Research in Motion shares soars on Friday more than to 199.99$ after company topped Wall Street's expectations for the first quarter and indicated it would do the same in the second quarter of this year. Research in Motion added about 1.2 million subscribers during the first quarter and predicts 1.4 million new subscribers next quarter. Looking at the technical chart, stock is in now in a Breakout mode, and if this chart does what is supposed to do, it will be going higher in the sessions to come. For the first time in their history the fantastic level of 200$. RIMM in the right way.

Chart courtesy of stockcharts

PCLN nice chart !!! Priceline.com shares were up nearly 7% to 68.74$ breaking out an important resistance at 66.96$. SWN stock has been doing well this year, making new highs today makes a new one at 69.4$ followed by volume. Looking at the chart above stock broke out 66.96$ and reaching also a new 52 week year high, is now a stock in a Breakout Mode. Indicators are all in favor of Bulls with K line above D line and MACD back above 0. In addition stock is trading above 50 dma and 200 dma = Bullish Mode. Let's see if stock will sustain next week this movement.

Chart courtesy of stockcharts

BUCY - Possible breakout of the ascending triangle. The chart is showing an ascending triangle setup ready to breakout of a consolidation base. The Ascending Triangle is a bullish pattern, the formation occurs as sellers dump shares at resistance, then after the stock declines buyers come in attempting to pick up a bargain, which makes shares rise again, so keep BUCY in your watchlists.
Chart courtesy of stockcharts

PALM retest support today with sucess. It's seems to me that stock can recover some of the recent losses.
Chart courtesy of stockcharts

CRDN - Keep an eye next week on Ceradyne shares for a possible breakout over 75.43$.

Chart courtesy of stockcharts

VRGY - The technical chart show a Bull flag chart pattern. A Flag (Bullish) is considered a bullish signal, indicating that the current uptrend may continue, the duration of this pattern depends on the extent of the price fluctuations (consolidation). Keep an eye next week on Verigy shares for a potential breakout over 30.25$.

Chart courtesy of stockcharts

MVSN - Keep an eye next week on Macrovision shares for a possible breakout over 30.85$.

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.


AC

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The stock100.com prediction of SWC looks pretty impressive. Double in 30 days:
http://www.stock100.com/charts/200-30-SWC.gif

Don't you think it is time for next rally.

You can reasonably expect a 2000% return. No kidding it is next AAPL! The fundamental is incredibly good. Just research palladium.

I'm not trying to sell anything like the3 last comment. I am just recommending the CRDN stock, it has shown tremendous potential. Here is a report i will also recommend before i go...

http://www.pennysleuth.com/rpt/defensestocks.html

-Cheers!@

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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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