Trade Ideas for Tuesday - CREE, CROX and YHOO
As expected the breakout has been inevitable after a short sideway move. The technical chart is showing the stock could be back to bull market rally again as K line back again above D line while MACD is still above 0 with stock also above 20, 50 day and 200 day moving average.
Chart courtesy of stockchartsYHOO - Its 200 dma is working perfectly as a good support. Earnings will be report tomorrow after markets close.
CREE is moving within a wide channel and It' s now testing the bottom trendline. These levels represent a support for stock. Risk opening short positions is higher.
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
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
