Stock Picks and Trade Ideas for Friday - ADI , FSLR, BUCY, SPWR
SPWR - After a strong rally in the last couple of days, stock's pulled back a little bit, finding a nice support on its 200-day moving average. If price breaks above the last price spike resistance of $94.34 I think going long will present a very possible profitable trade. Keep this stock on your watch list in the coming days. It's still a nice bullish pattern.
BUCY looks ready to make a new 52 week high. The technical chart shows possibility of new rally as the stock bounced up after dropping back to 20-day moving average as both 20 day and 50 day moving averages are both pointing up. In addition K line has just crossed on top over D line showing strong buy. The buy point would be when the price breaks $114.93 on heavy volume.
Chart courtesy of stockcharts ( click to enlarge )FSLR has consolidated a little bit here around its support and looks ready to roll.
ADI - The stock today surged 5% or $1.54 cents to $31.56 per share with a volume of 6 million shares after an upgrade . ADI is trading in a new upward channel, making new highs and higher lows following each pullback. From the technical chart KD line reverse its downtrend move while MACD signal still remains bullish above 0. Stock may test psychological 200-day moving average line at $32.48 in short term.
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 day !!!
AC
