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Wednesday, January 09, 2008 

Trade Ideas for Thursday - XTO, APOL, AGP

Chart courtesy of stockcharts

AGP - Stock broke out of its resistance this morning. The current new high has been accompanied by increasing volume, suggesting further new highs are ahead. Looking at the technical chart, stock has been doing very well recently, as K line is on top of D line with MACD on top of signal line. Buying momentum should continue to rise.

Chart courtesy of stockcharts

APOL is ready to breakout to new highs. I like gap ups and this stock chart looks great to me. Lets keep an eye on it for as possible breakout over $80.75.

Chart courtesy of stockcharts

XTO broke out of a short consolidation phase. Volume was strong on signalling that this move should hold. XTO is now a stock in a Breakout mode, so it's time to be Bullish again on stock.

Chart courtesy of stockcharts

CNXT - This stock has been cut in half in less than a month without news neither rumours. It looks like the main reason for that in was the break of $1, that pushed a lot of people to sell.

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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