Trades Ideas for next week - LVLT, BIDU, JASO, YHOO, RMBS
Chart courtesy of stockchartsRAMBUS is presently one of the bullish stocks in the market. Shares of RAMBUS were up on Friday more than 4% to $19.30, in a day where mostly of semi-conductor stocks lost. Stock has been in a sold trend recently and has held up pretty well on its 200 dma. It is trading in a small bull pennant here and could breakout if the markets moves up. Indicators are indicating that the movement to explode is near. Daily chart shows positive sign as the stock has been above 50 day moving average since mid September and has formed golden cross earlier November. Golden cross is when 50 day MA cross on top over 200 MA and is a very bullish buy signal. Keep an ey on RMBS next week for a possible breakout over $19.50.
Chart courtesy of stockchartsYHOO in action today !!! Stock failed to break down $24.74 and moved to top again, breaking out $26.12, one important mark of resistance, so I took a small position in this today and will add if it moves as I expect it to. My first target is now $30.
I mentioned LVLT before as a stock I was watching for an entry on. Stock has been in a very clear downtrend until some recent consolidation in the $3 area. There has been a decent increase in volume signaling of accumulation. Finally today stock run up significantly forcing some bears to cover their positions. Time to move up again. Resistance now at $3.29.
JASO - Stock this week touched the 50 dma again and found support. It looks like JASO will test $60 again.
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: BIDU, JASO, LVLT, RMBS, YHOO
