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Wednesday, August 29, 2007 

Breakout stocks in today session

Chart courtesy of stockcharts

Nokia brought great news for the market. Nokia have announced today the Nokia Music Store, which offers people the possibility to enjoy music directly on their Nokia device or personal computer. The Nokia Music Store is opening across key European markets this fall with additional stores in Europe and Asia opening over the coming months. Individual tracks will cost EUR 1.00 and albums from EUR 10.00. In addition Nokia also announced four new mobile devices specifically optimized for entertainment, music and games. Stock react positively to this news sending shares up more than 7% breaking out the major resistance of $31. Thechnically chart looks Bullish, with both 50 dma 200 dma going up and MACD on top of 0. In addiction with K line back above D line we should see the stock continue to go up.

Chart courtesy of stockcharts

Seagate shares were up nearly 4% on Wednesday closing at 25.39 after company raised its outlook for its fiscal first quarter on Tuesday, due to favorable supply and demand conditions and a better product mix.. Looking at the chart Seagate "STX" has had a nice run over the past two months and made a nice trend higher. As seen by the chart, Seagate broke out today a tremendous resistance at $25, so now pullbacks in the stock should be valued as buying opportunities. I think stock should pullback to $25 ( resistance now becomes support ) per share before making the next move. From a technical perspective stock is trading in a Bull trend in the short term.

Chart courtesy of stockcharts

Actuate Corp. may be ready to breakout !!
Looking at the chart stock has had a nice run over the past two weeks. I'll be Bullish in this stock if breakout $7, so keep an eye on ACTU.

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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Long time reader - first time poster.
Oh my gosh you guys I don't know if you've heard of ""conversations with miollionaires"" but I just found out Jason Oman who did that book is going to be doing a new one for female entrepreneurs like us. Here's the page I came across so you can get updates about it too.
conversationswithfemalemillionaires.com
I can't wait for it because I loved his first book. I hear he's gonna have Martha Stewart, Ray Rachel, Kim Kiyosaki the wife of the guy from rich dad poor dad.
You can obtain more info at http://www.conversationswithfemalemillionaires.com

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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