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

« Home | Stock Picks and Trade Ideas for Tuesday - AKNS,TTE... » | Stock Picks and Trade Ideas for the week ahead - B... » | AC Investor in vacations » | Stock Picks and Trade Ideas for Thursday - BRCM, C... » | Stock Picks and Trade Ideas for Wednesday - C , AM... » | Stock Picks and Trade Ideas for Tuesday - JAVA, A... » | Stock Picks and Trade Ideas for Next week - AMAT, ... » | Stock Picks and Trade Ideas for Friday - GOOG, LDK... » | Stock Picks and Trade Ideas for Thursday - TQNT, C... » | Stock Picks and Trade Ideas for Wednesday - NVDA, ... » 

Tuesday, July 29, 2008 

Stock Picks and Trade Ideas for Wednesday - YHOO, PMCS, BUCY, XL, RIMM

Chart courtesy of stockcharts ( click to enlarge )

PMCS is still holding support AT $7 but at the same time has not bounce very strongly here. A break below $6.98 area will likely be bearish for stock, on the other hand a close above $7.85 on heavy volume will launch a rally.

Chart courtesy of stockcharts ( click to enlarge )

BUCY - The stock has resistance at $72.50. If the stock is able to cross this level and sustain above it, then it might go to $75 and then even to $79.52. The technical chart shows positive sign as the stock is back above both 50 day and 200 day moving averages. Rising KD should continue to carry the rally. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

XL - The stock has a strong support at $17.50. If the stock breaches this level on a close basis, then it might decline to $15.95. Support after 2.95 is at $14.61. However, if the stock sustains above its $17.50 during some sessions, then it may go to $20. The stock is currently in a downtrend.

Chart courtesy of stockcharts ( click to enlarge )

RIMM - The stock rallied in mid of July and then consolidated. Watch $119.60 up and $110 down.

Chart courtesy of stockcharts ( click to enlarge )

YHOO - It becoming a stressful situation to hold shares of Yahoo at this moment. The stock has been under a strong manipulation shaking every time any news comes out. I start getting frustrated with all commentaries that many speculators have used for gaining popularity and making money with the fluctuation of the share price. I have to admit that I still holding my shares, just due to the high level of inflow money that this stock still showing, it’s a signal that the big boys are not selling just increasing slowly the long position. If you look closely to the latest movements in the stock, the volume has been too small for a stock like this, with a 28 Billion of capitalization. No one knows the future of the stock, but one thing is completely truth, Microsoft will not gain market share to Google in the years to come without Yahoo.

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: , , , ,

Bookmark and Share

I am also a frustrated YHOO shareholder, but refuse to sell my shares. $20 seems to be good support, we may get a bounce.

Post a Comment
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