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Tuesday, August 21, 2007 

First Solar and WFR rebound, CAVM Breakout

Chart courtesy of stockcharts

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 stockcharts

WFR - 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.

Chart courtesy of stockcharts

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

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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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