--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | Solar Parking » | Stock Picks and Trade Ideas for Thursday - CSIQ, E... » | Why the price of crude Oil is so high? Do you have... » | SOLAR stocks on fire !!! LDK, FSLR, CSIQ, ESLR » | Portable solar showers » | Stock Picks and Trade Ideas for Next week - GOOG, ... » | Stock Picks and Trade Ideas for Friday - CME, CIEN... » | Stock Picks and Trade Ideas for Thursday - T , FSL... » | Annotations in your own videos - YouTube » | Stock Picks and Trade Ideas for Wednesday - SSD, N... » 

Saturday, June 21, 2008 

Stock Picks and Trade Ideas for Next week - AAPL, RFMD, SNDK, ESLR, AMD, LDK

Chart courtesy of stockcharts ( click to enlarge )

LDK - The channel got busted early this month and anything below $35.35 will bring in two lower highs and two lower lows into the set up and that is going to be scary for Bulls. Further, falling MACD and KD, also indicates bearish trend. Looking closely at the moving averages both indicates neutral as the stock is now trading in between 50 day and 200 day moving average. Wait for the confirmation of the trend to follow. Buy point is when the stock breaks $41.44 ( 20 EMA ) and the sell point is when the stock closes below $35.35.

Chart courtesy of stockcharts ( click to enlarge )

AMD - We are a few points away from $6.71. So after all, we have two lower highs in the set up, which is a signal of continuation of the down trend. Now $7.25 is the resistance and any bounce towards it must be used to go short. On a short term basis, MACD and KD show bearish sign. The stock is now trading below 20 day moving average, which is generally a bearish indication. Also notice that the RSI is declining and does not paint a good picture for the stock.

Chart courtesy of stockcharts ( click to enlarge )

ESLR - Here is a closer look at yesterdays price action showing the failed attempt to stay above $12. A close below $11.50 will bring in further weakness.

Chart courtesy of stockcharts ( click to enlarge )

SNDK - On Friday Citi analyst Craig A. Ellis lowered his rating on SanDisk to "Hold" from "Buy" and cut his share price target to $27 from $35 late Thursday. The technical chart above shows that it is still to early to say that the downtrend has ended.

Chart courtesy of stockcharts ( click to enlarge )

AAPL - The stock closed below its 50- day EMA at $177.24 Friday. There could be downward bias toward $170. There is support at this level and only below here would threaten the downside extending down to the 200- day EMA at $162.07. However, only below this major support would cause a deeper pullback with next support at $144.

Chart courtesy of stockcharts ( click to enlarge )

RFMD - Not a pretty picture. On short-term basis still in downtrend mode and should find a nice support at $3.20. Keep an eye on that trendline.

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 weekend !!!

AC

Labels: , , , , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Stockal supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google