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Tuesday, May 27, 2008 

Stock Picks and Trade Ideas for Wednesday - EOC, FLO, SYNO, ULTI, RFMD

Chart courtesy of stockcharts ( click to enlarge )

RFMD gave us a small move, which could be the start of a bigger move. If RFMD can break through Thursday’s high of $3.80, we should see a strong follow through move. This move would break the short-term downtrend, and should drive the stock back towards highs. Keep watching RFMD for a bigger move soon.

Chart courtesy of stockcharts ( click to enlarge )

ULTI looks good as it breaks to new highs. Looking at the daily chart above, it shows very strong upward momentum as the stock is above the 50 day moving average with both 20 day and 50 day moving average going up. In addition KD and MACD also show very bullish signs.

Chart courtesy of stockcharts ( click to enlarge )

SYNO - Currently building base for the next up move. The stock closed again near its 200-day moving average. SYNO looks like it is about to breakout if it can clear the 200 dma at $18.44.

Chart courtesy of stockcharts ( click to enlarge )

FLO is breaking out, as the stock closed up $1 on Friday.The stock broke through the highs set on Thursday, and should continue to move.I'm buyer of FLO once it breaks through today’s high of $29.88 for the continuation move.FLO will move very quickly, so watch it closely on Wednesday.

Chart courtesy of stockcharts ( click to enlarge )

EOC cleared resistance on heavy volume and looks ready to extend it's gains.

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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