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Friday, October 05, 2007 

Top picks for Friday - LVLT,MAR,HPQ

Chart courtesy of stockcharts

HPQ has been pulling back in a consolidate way after breaking to 52 week highs on Monday. It may be setting up for a bounce higher here if the markets are willing to cooperate. Let's see !!!

Chart courtesy of stockcharts

Here is a decent looking chart. I've been tracking LVLT for a while now and it may be setting up for a buy here, if you look closely at the chart, you'll see that the downtrend line has been broken. So guys I have to say "this baby will fly again", it's my opinion based in the chart.

Chart courtesy of stockcharts

On the other hand, Mariott International shares breakdown today the uptrend channel marked by the white parallel lines started in August. Based on the chart and Indicators it looks like MAR will test $40 support again. MACD and RSI are in Bearish territory.

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 !!!


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About Me

  • I'm a 44 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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