Trade Ideas for Tuesday - ESLR, NTRI, SPWR and CNXT
Chart courtesy of stockchartsSPWR - The stock broke down through a support level of $119 on heavy volume, closing below its 50 and 20 dma, a bearish sentiment in short term. In addition, MACD fast line is also below slow line and RSI now is in Bearish territory, below 50. Keep an eye on her.
NTRI - Closing above $28.25 per share will be a good sign for this stock to move till $31 area, so keep it on the radar.
Evergreen Solar shares were in focus in today session, ending the day with a gain of 1.25% to $16.97. Stock reacted positively, after ThinkEquity raised its price target to $30 from $20. Looking at the daily chart, stock is showing some weakness and a possible short positions should be consider, due to the fact that Macd Fast line crossed below macd slow line, above 0. Stock coming out of a uptrend. May hit short term support levels. Support below $15.77.
After eight consecutives days falling a rebound in stock should occur soon, depending now of market condition. Presently trend is Bearish, however stock already lost 50% of market capitalisation sincer middle of December and this decline it seems to be very extended.
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
Labels: CNXT, ESLR, NTRI, SPWR
