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.
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
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: Bucy, PMCS, RIMM, XL, YHOO
I am also a frustrated YHOO shareholder, but refuse to sell my shares. $20 seems to be good support, we may get a bounce.
Posted by
Ragin' Cajun |
11:13 PM