Stocks to keep your eye on Monday - CSUN,FSLR, CHINA, RIMM, BUCY

Chart courtesy of stockcharts

BUCY - This stock has a good looking chart, and it looks like to be forming a bullish flag. Entry point will be on the day when stock breaks above $104.36 on heavy volume. Looking at the daily chart the investor sentiment in BUCY 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. Keep it on the radar for a possible break out in the near future.

Chart courtesy of stockcharts

Research in Motion closed the day on Friday near the flat line, losing just 0.36% to $116.94. Looking at the daily chart stock blow out on earnings and it looks like is forming now a bull flag. At this level, buy point will be when stock breaks the upper line on heavy volume. Keep an eye on her.

Chart courtesy of stockcharts

I was looking over a list of today's strongest stocks and noticed CDC Corp. “CHINA”. Company said its directors and executives repurchased about 468,000 of its shares under a prearranged trading program in the last nine trading days. Shares ended the session gaining more than 20% to $4.95. Looking at the daily chart stock is trading in a clear Bear Market. This rally put me in a neutral zone to invest at these levels even with this news. I prefer stay away from stock and wait for a close above its 13 dma to enter long.

"Daily Rambus" Chart courtesy of stockcharts

"Weekly Rambus" Chart courtesy of stockcharts

The daily chart shows Rambus is trading in a Bullish momentum. The Technical 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. Presently, this stock is sitting right around the 13 dma. Meanwhile, the weekly chart shows the stock is pushing into a longer-term resistance area. A move above 25 would mark a long-term breakout. There is something interesting for this scenario occur, the January series shows a huge amount of calls at the 25 and 30 strikes, it looks like people are really convinced that stock will breakout over $22 and $25 soon. Let’s keep an eye on it.

Chart courtesy of stockcharts

FSLR shares jumped to all time highs over this week, making consecutives new highs. Stock is in a tremendous Bullish moment, with all indicators showing strength to move up, its 50 day and 200 day moving average still going up, while MACD is above 0 and RSI in Bullish territory. This stock is one of the best performances of 2007.

Chart courtesy of stockcharts

One stock that was in focus this week has been CSUN that jumped on Wednesday more than 30% and more 16% yesterday. The stock broke out on Wednesday with huge volume. So, after recent rally a pull back should be seen as a natural and welcome movement. I would wait for a little consolidation before jumping in, but it looks like CSUN is a stock to keep an eye on for awhile. Resistance at $19.23 and support is at $15.

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: Bucy, CHINA, CSUN, FSLR, RIMM, RMBS