Trade Ideas for Thursday - JDSU, HRBN, HDB, ADCT, GOOG
GOOG confirmed support at the breakout area and is now preparing an assault to break $700 and retest all time highs.
This stock has been is on a remarkable run since last week and it doesn’t looks like the trend will change soon. Today stock broke out an important resistance at $16.50 and closed near of the highs of the day at $17.07. Looking at the daily chart, stock has opened space to move forward to $17.50.
HDB - The stock has formed an ascending triangle with bullish volume, has shown great relative-strength, and exhibits a very strong positive trend. I'll be Bullish in this stock if breakout $140, so keep an eye on HDB tomorrow.
Chart courtesy of stockchartsHRBN - Harbin Electric may be ready to breakout at this point !! Looking at the chart stock has had a nice run over the past 4 sessions, with huge volume, so keep an eye on this stock for a possible breakout over $19.75.
JDS Uniphase were up 6.22 percent to $13.83, after Roth Capital upgrade stock to Buy from Hold. Finally stock broke out an important resistance at $13.76 with volume, so stock is now ready to move up to next resistance at $14.42.
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
That's All. Have a nice evening !!!
AC
Labels: ADCT, GOOG, HDB, HRBN, JDSU
