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