Stocks to watch Wednesday - CNXT, RIMM, AAPL, FSLR, AMZN
Chart courtesy of stockchartsAMZN - Can it break to the upside this time ? The technical chart shows bullish sign as MACD is back above 0 and K line is on top over D line. The stock needs to cross $69 to make a huge upmove. Stay tuned on her.
FSLR - $200 is a strong resistance. If it can close above this level, then expect more upside. If this happens, First Solar is a good play.
Chart courtesy of stockchartsAAPL - Trading in a tight range. A close above $132 is a good buy signal. Some of the indicators are showing signs of improvement, like KD, MACD and RSI, others are declining and many are not as comprehensive as I would like.
Chart courtesy of stockchartsRIMM - The stock broke the downward trendline, which was acting as a resistance. Stock needs to close above its 20 day-moving average to give the perfect buy signal.
The stock closed higher by $0.03 at $0.45 on above average volume. Looking at the daily chart, it shows a possible new rally as K line is back above D line. However the stock overall is still weak as it is still trading below 50 day moving average and MACD is still below 0. Buy point is on the day it breaks the short term resistance of its 20-day moving average at $0.54.
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: AAPL, AMZN, CNXT, FSLR, RIMM
