Stock Picks and Trade Ideas for Wednesday - JAVA, RFMD, MDRX,PNRA, FSLR
Chart courtesy of stockcharts ( click to enlarge )FSLR - Today's action suggested that there is more room for the uptrend to grow on stock before a more significant pullback. A sustained break of $306.89 should bring the stock to a test of all-time highs in the $309 area.
Chart courtesy of stockcharts ( click to enlarge )PNRA has been in a steady uptrend for the last six months and is now very near to break another resistance. Keep an eye on PNRA for a possible breakout over $53.40.
Chart courtesy of stockcharts ( click to enlarge )MDRX - The stock is approaching the resistance at $12.60, which may give a negative reaction. However, the technical chart is still showing a positive momentum on stock with MACD above and with K line above D line. A break above $12.60 would mean the downtrend is over and the stock is ready to fill the GAP.
RFMD - Based on attractive valuation, I believe RF Micro Device is a good BUY for the medium-term. The technical chart shows the stock has been trading in a small ascending triangle. The stock would have a bullish breakout if it can surpass the $3.57 resistance.
JAVA - Daily chart above shows that it is still to early to say that the downtrend has ended for Sun Micro. The stock is now trading at its all-time low. Given the poor market outlook, it is best to avoid this stock.
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: FSLR, JAVA, MDRX, PNRA, RFMD
