Trade Ideas for Friday - JASO, YHOO,NVDA
Chart courtesy of stockchartsJASO shares were up today more than 6% to $41.75 on a strong movement followed by an unsual volume that was 3x above average. The technical daily chart shows possibility of new rally as the stock bounced up after dropping back to 50 day moving average as both 50 day and 200 day moving averages are both pointing up. In addition MACD and signal line are still above 0 also showing buy signal. Keep an eye on JASO for a possible breakout over $43.87.
Chart courtesy of stockchartsYHOO is in the process of consolidating the recent downtrend breakout. From the technical chart KD line shows positive signals as K line is rising on top over D line, and RSI continue moving up. Stock as a major resistance at $26.13. I suspect YHOO stock may continue to appreciate over the coming weeks.
NVDA is another strongly trending stock and may be finding support near the 20 dma at $. If the nasdaq makes a run, NVDA should breakout to new highs.
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 examples.
That's All. Have a nice evening !!!
AC
