SELL-OFF on the table, but some stocks resisted
Chart courtesy of stockchartsYou probably can not believe but today RIMM closed GREEN again, reaching also during the regular trading session a new 52 week high at $137.01 , but closing far from this level at $133.03. One of the reasons behind this movement, it was the upgrade price target from RBC that raised RIMM price target to $180 from $120. Stock have reached overbought conditions, so at these levels we should have some cautions.
LVLT - In a day likes today, stock have demonstrated a lot of strength to sustain the selling pressure, closing again above $3. Insider buying are very active, keep an eye on this factor, that are putting some worries on Bears.
Look at this chart, amazing !! From $5 in June to $44 now !! China Finance Online shares are now stabilizing recent gains trading in a long sideway since the end of September, so keep an eye on this hot stock for a possible breakout of the range.
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
