Stock Picks and Trade Ideas for Friday - CSIQ, SIRI, YHOO, RIMM
Chart courtesy of stockcharts ( click to enlarge )RIMM - Looking at the daily chart above, the stock broke out the upward channel today which may implement resistance at $120. The technical indicators MACD, RSI and KD all point to downward trend.
Chart courtesy of stockcharts ( click to enlarge )YHOO - Consolidation? Volume reducing on the way down. On watch.
CSIQ's chart looks very interesting here. After the big move up last week, the stock filled the gap from the previous high on much lower volume. Now, stock needs to sustain above $42.50 to make a move to its recent high of $51.80. Nevertheless, I would like to point out that the MACD fast line crossed below the MACD slow line and the macd histogram was decreasing for 5 days, this is not a good signal, so stay tuned on it.
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. See you tomorrow !!!
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. See you tomorrow !!!
AC
Labels: CSIQ, RIMM, SIRI, YHOO
