Trade Ideas - DRIV , TVL , BPHX
Digital shares " DRIV " have been in focus today after analyst Ross MacMillan raised his rating to "Buy" from "Hold" on stock, saying the company benefited from the growth in broadband and Internet software downloads. However, he also lowered his price target on the stock to $55 from the previous price target 57$. In addition, analyst lowered his 2008 earnings outlook on the stock to $2.51 from $2.57. Over the past 52 weeks shares have traded between $37.90 to $60.99. Digital River is a company that develops technology that helps companies to sell products on the Internet. Looking at the technical chart stock yesterday tested the major resistance at 51.50$ but failed, so despiste latest rally in shares, I'm still cautions in the stock and only enter in the long side above the resistance. RSI are Neutral and MACD recovering. The main reason that put me some cautions in stock is related with 50 dma that already crossover 200 dma, so as I said before, long only above 51.50$, it's just opinion. Stock ended at 50.66$.
Keep an eye on TVL shares for a possible breakout over 20$.
Keep an eye on BPHX shares for a possible breakout over 10.50$.
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
