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Monday, February 04, 2008 

Trade Ideas - GOOG, NTRI, JDSU, FSLR

Chart courtesy of stockcharts

FSLR looks like it is getting ready to move. The MACD is showing a positive divergence, after which the MACD made a bullish crossover. Both the RSI and the Stochastics are now rising out of the oversold levels. So, keep an eye on FSLR for a possible breakout over its resistance at $195 ( 20 dma ).

Chart courtesy of stockcharts

Google reached my price target. Although the moving average shows weakness as the stock is still trading both 50 day and 200 day moving average with both moving average heading downward, I think it’s time to cover some shorts at this level, due to the high oversold conditions.

Chart courtesy of stockcharts

NutriSystem shares closed up 13% today to $30.58. The stock is approaching again the $31.60 level which typically acts as resistance, so keep an eye on her for a possible breakout.

Chart courtesy of stockcharts

Although the stock didn't perform well since the beginning of the year, we start to see some interest again by investors at these prices, with MACD and RSI giving that information. However, before enter long at this point, you should wait for break of $11 to enter with security.

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 great 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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