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Wednesday, August 22, 2007 

Top picks for Wednesday - Garmin, NUAN and REGN

Chart courtesy of stockcharts

GRMN - Garmin shares are still moving in a strong Upside momentum. Stock rose nearly 5% , closing at $102.50, just a few dollars of the historic highs $105.75. The stock is current on a strong bull market with MACD above 0 and both 50 day and 200 day moving average moving up. Technically speaking and based on the indications of chart above, Garmin shares should continue to move up for long term. Don’t be surprised if the stock hits new highs tomorrow.

Chart courtesy of stockcharts

NUAN - Another breakout stock !!! Nuance Communicatoins shares have broken $19 today, the major resistance in stock. The technical chart above show that the stock is now in a rally after breakout today a key resistance level of $19. Overall technical picture show stock still in Bull market trading above 50 day and 200 day moving average.

Chart courtesy of stockcharts

REGN - Keep an eye on REGN for a possible breakout over $19.

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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GRMN has shown great relative strength for the past several months. The company is in a tremendous growth stage, and the stock should continue higher. Great stock.

Aaron
GrowYourFunds.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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