First Solar and WFR rebound, CAVM Breakout
CAVM - Breakout alert !!!
Shares of CAVM were up 5.6% today to $29.74 and reaching during the session a new 52 week high at $30.25. Calvium Networks is one of the hottest stocks in the market right now. The recent IPO was at 13.50$ and stock is now above 30$. Looking at the technical chart, stock show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up. The momentum in the last two weeks it has been phenomenal on Calvium Networks, stock came from $21,53 to above 30$ in just a few days. I won't be surprise if CAVM reachs new highs tomorrow, because indicators are extremely Bullishs. Keep an eye on her.
Chart courtesy of stockchartsWFR - At the close, MEMC Electronic Materials shares were up nearly 5% to $56.89, as investors returned to buying after last week drop. I really like this chart because the stock found support at its MA 200 and rose decisively from that average. The technical chart shows the stock is now on a short term uptrend and has chance to start new rally as K line is about to cross on top over D line. Keep an eye on WFR.
FSLR- First Solar may find some resistance to break 50 daily moving average at $97.25.
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 example.
That's All. Have a great evening !!!
AC
That's All. Have a great evening !!!
AC
