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Monday, September 17, 2007 

Trade Ideas for Tuesday - BIDU,AMZN,YHOO

Chart courtesy of stockcharts

Look at this !!!! BIDU shares jump UP 7% closing $252.89, but during the regular session stock hit a new all-time high at $253.48. This movement was a reflect of the upgrade give by an analyst at RBC Capital Markets that have increased his price target for the stock on expectations for a solid third quarter. In a note to clients Monday, RBC analyst Jordan Rohan raised his price target to $333 from $302 and reiterated his "Outperform" rating for the stock. Looking at the daily chart stock show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is presently in a strong bull market with both 50 day and 200 day moving average going up, however in overbought conditions. Indicators are all in favor of Bulls with K line above D line and MACD back above 0. BIDU is the hottest stock of the market right now !!!!

Chart courtesy of stockcharts

AMZN shares can be ready to breakout over$89 soon. Keep an eye on stock !!!

Chart courtesy of stockcharts

YHOO confirmed today last week breakout, in a bad day for markets stock move up again. Look like Bulls are now controling stock, MACD back again above 0. My first target is now $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 examples.

That's all. Have a nice evening !!!

AC

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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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