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Thursday, August 02, 2007 

Trade Ideas for Thursday - Lam Research, ConoPhillips, US Global Investors

Chart courtesy of stockcharts

LRCX just broke over to all time highs over this month and is pulling back to test the breakout area. Keep an on Lam Research for a possible breakout over $60.85.

Chart courtesy of stockcharts

COP has retraced back to the most recent breakout area and may find support here under 50 dma. I'm not convinced that this is done moving lower, but it's worth watching to see if it can reverse. For now the trend still intact.

Chart courtesy of stockcharts

GROW - Stock gained some momentum today however may find some resistance to break 13,50 ,200 dma.

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 nice evening !!!

AC

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AC great your analyse on AMAT.

AMAT just breakout today, all the best to you !!!

Maria

GROW may break but not this week, I think !!!

Congrats,

Professional Trader

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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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