Trade Ideas for Wednesday - BIDU, AAPL, RMBS, RFMD, GOOG
Chart courtesy of stockcharts ( click to enlarge )GOOG has been consolidating a pretty tight range under the 200-day moving averages. Volume is starting to build and it may make an attempt at breaking out. Let's keep an eye on her.
RFMD is back at the breakout area and may find support here. Volume declined on the pullback which is positive. I'm Bullish on stock.
RMBS - Shares of Rambus Inc. rose Tuesday after a federal appeals court ordered that a case brought by Samsung Electronics against Rambus be dismissed. The stock went as high as $24.15 before closing the day at $23.24, up more than 4 percent. From the technical chart above we can see that the stock is on a bull market as the stock is trading above both 50 day and 200 day moving average and 50 day moving average is on top of 200 day moving average heading upwards. This stock is BULLISH in short-term, and BULLISH in mid-long term. I'm really convinced that this stock can easily double from here, the latest news have been extremely good for Rambus. For that reason, I'm still holding my shares in hope of a strong move.
AAPL - The stock continues its upward trend from Wednesday. Since the beginning of this month, AAPL share prices have increased from $144 to today’s high of $175.66 for 19% gains. Looking at the daily chart, the stock has been trading above both 50 day and 200 day moving average, a very bullish sign. Positive MACD also indicates that the stock is a buy. Please beware of the KD line which is now at 80 and could signal a sell when it begins to fall. Stay tuned on her.
BIDU - The stock broke resistance and closed at its highest level since February at $373.81. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up, however in overbought conditions. From here, the stock might run to $400 according to the way the market is acting now.
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 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 nice evening !!!
AC
Labels: AAPL, BIDU, GOOG, RFMD, RMBS
