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Tuesday, May 13, 2008 

Stock Picks and Trade Ideas for Tuesday - CSIQ, TRN, SOHU, RFMD, EXM

Chart courtesy of stockcharts ( click to enlarge )

EXM broke through resistance that had been holding since mid April. A volume surge accompanied the move. Any pullback should be seen as a buying opportunity.

Chart courtesy of stockcharts ( click to enlarge )

The RFMD closed under its' resistance and still has room for a move up. Although the moving average still shows weakness as 50 day moving average is below 200 day moving average, positive momentum seems to be back as the stock is back above 50 day moving average and 20 day moving average is on top of 50 dma. In addition MACD is also back above 0 indicating the stock is back in bull market. The channel could be broken to the upside, when it is with heavy volume, that is the time to buy. Let's keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

SOHU - The stock has broken out to all time highs during today session to a new 52 week high at $82,50 however in the final hour stock retracted closing at $82,20. 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.

Chart courtesy of stockcharts ( click to enlarge )

TRN - Shares of Trinity continue to surge. The stock is strong and getting stronger every day it seems. If it can close above $34.70, then expect more upside. If this happens, Trinity is a good play.

Chart courtesy of stockcharts ( click to enlarge )

CSIQ is one of the hottest stocks of the Solar sector, the stock has been on a non-stop rally since March. Today, CSIQ hits a new 52-week high by climbing $2.29 cents or 7.31% to close at $33.63, with a huge volume. Looking at the technical chart, stock 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. The momentum in the last 5 sessions have been phenomenal on CSIQ, the stock came from $26 to above $34 in just a few days. I won't be surprise if CSIQ reachs new highs tomorrow, because indicators are extremely Bullishs. Keep an eye on her.

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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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