Trade Ideas for Friday - Research In Motion and Starbucks Corp, Rambus
Chart courtesy of stockchartsRAMBUS may find resistance at 20 dma ( $15.50 ), however MACD K line crossover D line, a good indicator for Bulls. Keep an eye on RMBS for a possible breakout over $15.50.
Chart courtesy of stockchartsRIMM has had a nice run over the past few months., and it looks like it is setting up for more strength. Near term RIMM seems to be forming a bull pennant.
As you can see, SBUX cleared the downtrend line with volume above average, is now ready to move up. In addition 20dma crossover 50 dma and indicators reached comfortable zones for a possible inversion of share price in long term, MACD is actually above 0 and RSI now above 50.
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
