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Thursday, August 28, 2008 

Stock Picks and Trade Ideas for Friday - TRN, GOOG, RIMM

Chart courtesy of stockcharts ( click to enlarge )

RIMM is losing momentum and the daily relative strength index has entered the neutral region from the bullish zone. Investors may hold with a stop-loss at $125. Only a close above $131 would negate the short term bearish outlook.

Chart courtesy of stockcharts ( click to enlarge )

GOOG declined to a support zone and upside volume is starting to pick up - watch resistance at $480.

Chart courtesy of stockcharts ( click to enlarge )

TRN broke falling wedge resistance with a surge in volume. The technical chart shows the stock is now back to uptrend and with K line above D line and RSI above 50 we may see more upside.

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

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  • 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.

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