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Friday, August 17, 2007 

Trade Ideas for Friday - First Solar, NTAP and Gateway.

Chart courtesy of stockcharts

Network Appliance shares were up today more than 4% to $25.27 after company announced a share buyback and forecast better-than-expected revenue for the current quarter after the closing bell Wednesday. Looking at the daily chart, share price is inside the gap, so the expected action is that NTAP may fill the gap.

Chart courtesy of stockcharts

First Solar was upgraded today by Lazard Capital from Hold to Buy, however this news did not avoid another big drop in share price. It seems to me that stock tomorrow will bounce some points, after to have recovered in the final hour. Resistance $95.

Chart courtesy of stockcharts

Shares of Gateway were up more than 4% to $1.25 with a volume above average. Stock confirmed today my previous analyse and MACD K line just finished the day under D line, so pay attention to this indicator for a possible fast reboung on stock. First resistance 13 dma at $1.26.

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 48 year old Independent Trader using proprietary technical analysis with more than 20 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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