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Tuesday, October 09, 2007 

Top picks for tomorrow - SIRI and XMSR

Chart courtesy of stockcharts

I like this chart. It is a bullish chart. XMSR broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next sessions. The daily chart show positive sign as the stock has been on the upside since late August and the stock has been above both 50 day and 200 day moving aveage since September. In addition with MACD still above 0 after broken $15, the stock should go up at this point.

Chart courtesy of stockcharts

SIRI tried to breakout today but finished just under the trendline at $3.58. The technical chart is showing possible buying opportunity as K line is about to cross on top over D line again while MACD is still above 0 showing bull market. If stock clear resistance $3.59 on volume, then the indicators will take care of themselves. Keep an eye for a possible breakout over $3.59.

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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