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Wednesday, May 14, 2008 

Stock Picks and Trade Ideas for Thursday - RFMD, JASO, CSIQ, YHOO, ESLR

Chart courtesy of stockcharts ( click to enlarge )

Evergreen Solar Inc. ( ESLR ) is on the spotlight again after a Jefferies & Co. analyst upgraded shares of the solar wafer producer, saying shares are a value. The daily chart shows the stock has chance to start new rally with K line just crossed on top over D line and MACD back above 0. The stock at least can hit 200 day MA at $10.81 cents per share.

Chart courtesy of stockcharts ( click to enlarge )

YHOO is looking very strong here. The Moving Average Convergence Divergence (MACD) gave the first Bullish signal : fast line cross over slow line.

Chart courtesy of stockcharts ( click to enlarge )

CSIQ hits a new 52 week high and held up very well when the nasdaq was tanking. The stock is on fire.

Chart courtesy of stockcharts ( click to enlarge )

JASO looks like it broke out of the existing channel and is testing previous resistance as support. Looking at the chart above, it shows the stock has been on rally recently as K line has been rising above D line. Now that MACD is also moving up and stock is above both 50 day and 200 day moving average we should see more upside coming.

Chart courtesy of stockcharts ( click to enlarge )

RFMD - The stock finally closed above $3.57 breaking the major resistance, after Merrill upgrade shares to "BUY" from "HOLD". RFMD up 0.14 cents on a traded volume of 14 million shares. This stock can really move and I wouldn't be surprised wit a run over $4 in the next couple days.

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 in CSIQ. That dip at the end of the day freaked me out, though.

What're your thoughts on NVDA? I'm in with June 22.50's and everyday is a headache!

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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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