Trade Ideas for Thursday - MA, NTRI, RFMD, JNPR,

Wednesday, April 09, 2008

Trade Ideas for Thursday - MA, NTRI, RFMD, JNPR,

Chart courtesy of stockcharts ( click to enlarge )

JNPR - It is still in downtrend and making new lows. Still cannot see the bottom. The stock is still in very weak market as 50 day moving average is still declining and MACD is still below 0. Stay away from her.

Chart courtesy of stockcharts ( click to enlarge )

RFMD is one of the stocks below $3 that I still watching closely for a while. After the sell off that has started early this year, the stock lost more than 60% of its market capitalization, burning lot of investors who have not protected their orders with stop loses. Since then, stock is trying to stabilize between 2.5 and 3, creating a nice base for a possible strong move. From here, I don't think that it can go much lower, due to the fact that its fundamentals are stabilizing, based on the latest press releases from the company. Also the recent announcement and purchase of shares, has become in a good tone for people believing in this monster asleep. From a technical point of view, $2.66 and $2.52 are a key levels to keep watching. The share price is now perched just above the crucial support level at $2.66. A close below this level would spell weakness. Hold with a stop-loss. I added this stock to my portfolio, in the event of a significant improvement of the handset market over the second half of the year.

Chart courtesy of stockcharts ( click to enlarge )

NTRI - Another day, another strong gain. I love gap ups as everyone knows. I really believe that this stock will be trading above $23 in the next 30 days. If not, then it should come down to $18 where I will back up the truck like Cramer would say. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

MA - The stock made a new all time intraday high at $236.19, however in the final hour stock retracted closing below previous high. The technical chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average. Let's see if tomorrow stock will confirm intraday breakout. Support is now at $219.18 and resistance at $236.19. Lets keep an eye on it.

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

Labels: JNPR, MA, NTRI, RFMD