Stock Picks and Trade Ideas for Next week - C, INTC, MOS, NVDA, POT, RFMD
Chart courtesy of stockcharts ( click to enlarge )The area of previous resistance of MOS around $120 has become support. If the support holds, then it signals an intermediate to short term trend change. In this case it quickly rise away from support, but if support is broken, then expects a move to $113. From the chart above, the stock shows positive sign as 50 day moving average is on top of 200 day moving average with stock trading above both moving averages. MACD also show bullish signal as MACD is above signal line. However KD are somehow weak as K line is below D line. So, if you're long on this stock, hold with a stop-loss at $122.61, on the other hand the buy point would be when the price breaks $138.53 on heavy volume.
POT has been a very solid performer over this year. The technical chart shows mix signal with MACD above the sell line showing strength on the buyer side while KD show weakness with K line below D line. Any move over $215.97 will probably lead to new highs.
Chart courtesy of stockcharts ( click to enlarge )RFMD - As most support and resistance levels tend to get weaker with every test, the stock finally broke through $3.03 a few days ago, on the second highest volume day of the year. The technical chart shows this is a great time to buy as the stock is now on a uptrend with MACD back above 0 and KD line rising. Keep in mind that this stock has been consolidating for a very long time and should have enough fuel for a Big rally. The short-term target for the stock is $3.50.
Chart courtesy of stockcharts ( click to enlarge )NVDA - Currently building base for the next up move. The stock closed again over its 50-day moving average. NVDA looks like it is about to breakout if it can clear the horizontal line at $21.
Chart courtesy of stockcharts ( click to enlarge )INTC looks Bullish to me. This stock is making a gradual move upwards since January lows. The short-term outlook for this stock is also positive as it is consolidating above its 20-day and 50-day moving averages. The short-term targets for the stock are $23.02 and then $23.67. Short-term investors can buy with a stop at $21.85 and long-term investors can hold with a stop at $21.16.
C - Looking at the daily chart above, it shows very strong upward momentum as the stock is above the 50 day moving average with both 20 day and 50 day moving average going up. In addition KD and MACD also show very bullish sign. From the chart, looks like the next major resistance is at $27.
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 weekend !!!
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 nice weekend !!!
AC
Labels: C, INTC, MOS, NVDA, POT, RFMD
