Trade Ideas for Today - BIDU,GOOG, DELL, EGOV,ADCT, YHOO
Chart courtesy of stockchartsBIDU - Looking at the technical chart, stock show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up. The momentum in the last sessions have been phenomenal on BIDU, stock came from $300 to above $395 in just a few days. I won't be surprise if BIDU reachs new highs next week, because indicators are extremely Bullishs. Keep an eye on her.
Chart courtesy of stockchartsLooks like GOOG confirmed support at the breakout area. Ready to test highs.
YHOO - MACD is turning up and about to give a buy signal. Tuesday was the initial bottom. Wednesday had a bullish engulfing candle (strong buy signal) and Thursday showed a continuation of the trend. Moves to the upside would have a first target at $27.87, but the weekly chart does not give me many more clues. So, keep an eye on YHOO next week for a possible breakout over $27,35.
ADCT- The MACD gave us a tiny uptick this week ( fast line crossover slow line), which could indicate the start of a new leg up.
Chart courtesy of stockchartsDELL - The the selling pressure broke down key support levels on Friday, so be careful on the long side at this moment. Wait for a confirmation only above $25.
EGOV - Watch Monday's action for a possible breakout over $8.
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 weekend !!!
AC
Labels: ADCT, BIDU, DELL, EGOV, GOOG, YHOO
