Trade Ideas for Tuesday - JASO, RMBS, DECK
DECK - Looking at the technical chart, stock show a continuation of the uptrend formed in August. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0. The momentum in the last three months has been great on DECK, stock came from $83 to above $160, and now maybe ready to move up again, with a possible break of the ascending traingle. So, keep an eye on DECK for a possible breakout over $162.
RMBS has broke during today session the major resistance of $21.59, however over the afternoon, stock retracted following the sell-off in the tech sector, but closing very well at $21,21, with a gain of 2.56%. Early in the morning, company said it licensed technology to Toshiba Corp. for use in its high-definition televisions, more great news for company. Technically, stock is still in bull market as 50 day moving average is still above 200 day moving average, so any pull back would mean buying opportunity.
JASO stock has broken out to all time highs during today session, however in the final hour stock retracted closing below $72.06, previous high. The technical chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average. So let's see if tomorrow stock will confirm intraday breakout. Support is now at $65 and resistance at $74.
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 evening !!!
AC
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 evening !!!
AC
