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Wednesday, June 04, 2008 

Stock Picks and Trade Ideas for Thursday - PBCT,VMW, POT , AMD

Chart courtesy of stockcharts ( click to enlarge )

On Wednesday Advanced Micro Devices launched a new fleet of semiconductors for laptops as part of a major shake up of its mobile line that it hopes will boost sales. The package of chips, known as Puma, brings together AMD's microprocessor prowess with the graphics expertise that AMD obtained through its controversial acquisition of ATI, allowing AMD to offer PC makers many of the key silicon ingredients for a modern notebook. The stock reacted positively to the news, ending 5.58 per cent higher compared to Tuesday. AMD had a very bullish move last week breaking several resistance lines with large volume. The stock went as high as $7.30 and may still continue to move probably reaching up to $8 in short term. The daily technical chart shows the stock is back to new rally as K line is on top of D line. In addition with stock back above 20-day moving average we should see more buyers coming back.

Chart courtesy of stockcharts ( click to enlarge )

POT broke falling wedge resistance and upside volume is outpacing downside volume. Keep an eye for a possible breakout over $216. Macd Fast line crossed above 0 macd slow line, above 0. Indicates start of a new uptrend.

Chart courtesy of stockcharts ( click to enlarge )

VMW - Still holding above breakout area. The stock rallied in early April and then consolidated, watch $72.40 up and $62.50 down.

Chart courtesy of stockcharts ( click to enlarge )

PBCT - The buy point is when price clears the 200-day moving average line and volume expands to take the stock higher. The daily technical chart above shows bullish sign as MACD is back above 0 and K line is on top over D line.

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 !!!


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I wonder if this is finally turnaround for AMD.

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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