Trade Ideas for Thursday - FSLR, RFMD, SIRI, JCP,LDK
JCP - A close below support at $39.76 would reconfirm the downtrend and forecast substantial additional losses.
LDK - Sinking slowly. Daily chart above shows that it is still to early to say that the downtrend has ended.
Chart courtesy of stockchartsSIRI had a strong day and broke the downtrend line of one month correction. The volume confirmed the breakout, as it was greater than average. Look for SIRI to test the prior highs of February.
Chart courtesy of stockchartsRFMD looks like it may resume the downtrend here. The stock is still in weak market with 50 day moving average below 200 day moving average. But with rising KD and stablizing stock price we may see some positive movement coming soon. Let's keep an eye on her.
FSLR - The stock broke through its resistance at $200 with a respectable volume.Technically stock is now in a Bullish mode, stock price is above 50 and 200 day moving averages, also K line back again above D line, indicating a possible new rally. High relative volume during this movement is another bullish indication that the stock will continue higher. I'd buy it when it breaks the downtrend line on heavy volume.
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
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
Labels: FSLR, JCP, LDK, RFMD, SIRI
