Stocks to watch Wednesday - GOOG, FSLR, MA, JDSU, LFC
Chart courtesy of stockchartsAs you can see via the chart above, LFC is close to breaking the downtrend line at $57, which is resistance. A break of the trendline would be very bullish. The stock is showing strength with KD and MACD rising, so keep an eye on her.
MA is setting up nicely to break into all time highs.
JDSU - Stock broke through resistance at $14, but was not able to gather must momentum. I held it for a while and then sold after it broke back below $14.
Chart courtesy of stockchartsFSLR broke the bull flag consolidation pattern here. It's time to be Bullish again on stock. MACD and RSI returned to the Bullish area. If shares can break the $236 mark then bulls should be able to target a move to $283. Stay tuned.
GOOG - If resistance becomes support on GOOG, then $450 is a good entry point, however the volume is not giving us a clear signal. Be patience.
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 day !!!
AC
That's All. Have a great day !!!
AC
Labels: FSLR, GOOG, JDSU, LFC, MA
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10:17 PM