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

« Home | Stock Picks and Trade Ideas for this week - JAG, A... » | Statistics of AC Investor Blog over week 23 ( from... » | Customize your homepage » | Stock Picks and Trade Ideas for Friday - POT, AAPL... » | Stock Picks and Trade Ideas for Thursday - PBCT,VM... » | Hot stocks for Wednesday - AKS, ZEUS, GRMN, ESLR » | Stock Picks and Trade Ideas for Tuesday - GMXR, AB... » | Hot stocks for next week - COMS, HOLX, SPWR, SOLF,... » | AC Investor Blog is in a Bullish Trend » | Stock Picks and Trade Ideas for Friday - JDSU, FSL... » 

Monday, June 09, 2008 

Stock Picks and Trade Ideas for Tuesday - RNR, FSLR, CMGI, CSIQ

Chart courtesy of stockcharts ( click to enlarge )

CSIQ's chart looks interesting. After the big move up in May, the stock filled the gap from the previous high on much lower volume. Now, stock needs to sustain above $35 to make a move to its recent high of $48.91. This is a risky play but I think this stock could go much higher very soon. Looking at the daily technical chart, the moving average indicates neutral as the stock is now trading in between 20 day and 50 day moving average. Although MACD shows weakness, KD starts to show some stabilization as K line crossed on top of D line, so there is a chance that a rally may come very soon.

Chart courtesy of stockcharts ( click to enlarge )

CMGI - For now the trend is clearly up, but you can see that the stock is now trading near the upper trendline of a rising price channel. This means it is overbought and ripe for either a consolidation or a correction. Broken resistance around $14.63 turns into support and this is the level to watch on any pullback. Let's keep an eye on it.

Chart courtesy of stockcharts ( click to enlarge )

FSLR has had a few steep down sessions lately but has had pretty good support near $236-$240. Watch to see how they react here. Although the stock is still weak as MACD is below 0 the stock does have the potential to be back around 50 day moving average or around $275 cents per share, because K line is now on top of D line. Stay tuned on this stock.

Chart courtesy of stockcharts ( click to enlarge )

RNR remains within a falling price channel with resistance at $52.53. A break above this level would be bullish for all concerned, while a move below $49.50 would be negative.

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 day !!!

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