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Wednesday, December 12, 2007 

Trade Ideas for Thursday - ADSK, ENER, FCEL

Chart courtesy of stockcharts

ADSK shares can be ready to breakout over$50 soon. RSI and MACD still going up. Keep an eye on her !!!

Chart courtesy of stockcharts

FCEL setup nicely this week making a new 52 week high yesterday at $12,24, however at this level looks like it could go either way here depending on the markets mood, but keep in mind that stock is currently in Overbought conditions. So, it's very likely see a pull back to support. Let's see which will be the next markets move. Overall FCEL still Bullish in long term.

Chart courtesy of stockcharts

In stock market action, ENER shares have broken the $32-a-share barrier, which had marked the peak of the last Bullish movement. Stock opened space to move up to next resistance at $36. Thechnically chart looks Bullish in short term, with share price above its 50 and 200 dma. MACD is also on top of 0.

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

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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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