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Friday, December 21, 2007 

Here are some stocks to watch before Christmas day

Chart courtesy of stockcharts

FSLR Breakout again !!!! Shares closed the day gaining more than 8% to a new historic mark for stock at $266.40, near the highs of the day at $268.16. FSLR has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in stock showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Following this technical chart it's predictable that next week FSLR will reach to new highs.

Chart courtesy of stockcharts

GS - The chart is bullish while she has still maintained $200 mark as support, but the action is predicting a possible break of support at 200, so keep an eye on Goldman Sachs.

Chart courtesy of stockcharts

STP - The stock has been consistently trending higher with nice steps over the last month and volume has picked up as well. Friday finally broke out to new all-time highs. I have no idea how high this one can go but stock is in a strong Bull Market, without resistances above.

Chart courtesy of stockcharts

NVDA is above its 50dma, and it is near the top of this symmetrical triangle. If that breaks, it could become a nice stock for Bulls.

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 example.

That's All. Have a great weekend !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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