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Wednesday, May 21, 2008 

Stock Picks and Trade Ideas for Wednesday - ILMN, AAPL, SWN, NVDA

Chart courtesy of stockcharts ( click to enlarge )

The price of this stock pulled back from $25.31 and created a perfect opportunities for investors to buy ! Volume declined on the pullback which is positive. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. I believe this stock can run higher from here.

Chart courtesy of stockcharts ( click to enlarge )

Southwestern Energy (SWN) looks like its trading in an upward channel here. The immediate support is at $45.43. Technically the stock is in a strong bull market with 50 day moving average on top over 200 day moving average and with K line again on top of D line. I think the stock should continue to go up.

Chart courtesy of stockcharts ( click to enlarge )

AAPL- The 20-day moving average still acting as a support. If the stock can hold the support around $180.87 we may see another short rally to $192. Let's keep an eye on AAPL.

Chart courtesy of stockcharts ( click to enlarge )

ILMN is technically in uptrend. But looking at the chart above is hard to intepret the next possible move. Furthermore, it is moving really slow. Entry point would be on the day it blows through $80 on heavy volume.

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 great day !!!

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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