Trades Ideas for tomorrow - RMBS, SIRI, XMSR
Rambus shares were up today more than 7% to $21.30, after it said the Securities and Exchange Commission has ended its informal investigation into Rambus Inc.'s past stock-option practices. It said the SEC has not recommended any enforcement action. The technical chart shows bullish sign as the stock is now above 50 day MA, with MACD back above 0 and KD still rising. It's very likely that stock will break $21.59 resistance very soon, probably tomorrow. Stay tuned.
Chart courtesy of stockchartsSIRI - Over the past days we have heard a lot of buzz regarding a possible merger between Sirius and XMSR, bringing volatile for both stocks. If a possible merger occurs this week I wouldn't be surprised, but also can take a lot of time to decide, so you need to be smart and play always defensive to avoid big losses, following always the chart indicators closely. Chart of Sirius looks Bullish, with share price above its 20,50 and 200 dma. A close above $3.70 will push again stock till the top of the rising channel. Volume is decreasing on the selling side, so is likely to see stock moving up from here.
XMSR - The technical chart of XM Satellite Radio Holdings shows positive sign as the stock has been on the upside since late August and the stock has been above both 50 day and 200 day moving aveage since August too. In addition with MACD still above 0 and fast line on top of slow line, for now there is no worries on the long side. In the other hand, pay attention on stock for a possible breakout over $16.
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 nice 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 nice evening !!!
AC
what do you think of CFC? doesn't that look like it's going to reverse trend?
Posted by
Anonymous |
10:40 PM
Hi Jay, it’s very likely your scenario.
Stock may find some resistance to break $12.50 after recent rally, however a breakout over $12.50 in the days ahead, is very likely according to the indicators printing on the chart. MACD fast line above slow line and RSI above 0.
Kindest Reagards,
AC
Posted by
AC Investor Blog |
10:48 PM