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

« Home | Have we found the bottom of this market ? » | Stock Picks and Trade Ideas for Friday - RMBS, AA... » | Mercedes covered with diamonds !!! Amazing » | Stock Picks and Trade Ideas for Wednesday - TSRA, ... » | Stock Picks and Trade Ideas for Tuesday - RMBS, R... » | Stock Picks and Trade Ideas for the week ahead - R... » | New Ford Fiesta » | Stock Picks and Trade Ideas for Friday - CIEN, SND... » | New navigation effects for Firefox 3.1a1pre » | Stock Picks and Trade Ideas for Thursday - CIEN, C... » 

Saturday, August 16, 2008 

Stock Picks and Trade Ideas for the week ahead - SIRI, MPEL, LDK, CIEN

Chart courtesy of stockcharts ( click to enlarge )

CIEN showed a bullish movement on Friday when it closed the resistance at $18.69 accompanied with a large volume of about 5.5 M shares. The MACD has currently crossed above the signal line indicating a buy. From mid-May to mid-August this year, the stock lost half its value. The stock looks attractive at current levels, considering the good fundamentals of the company.

Chart courtesy of stockcharts ( click to enlarge )

LDK broke falling price channel resistance on heavy volume last week and continues to work its way higher.

Chart courtesy of stockcharts ( click to enlarge )

MPEL - The downtrendline was broken to the upside last week. Nearest resistance for the stock is at $7.99. If this level is crossed and the stock is able to sustain above this level, then it might go to $9. On the downside, the stock has support at $7. The stock is currently in a new uptrend.

Chart courtesy of stockcharts ( click to enlarge )

SIRI - This stock has been under a lot of pressure, recently but in the last three sessions the stock reversal its trend. The stock had a very bullish action last week and recovered 20% of the recent downward move. The stock closed at $1.49 on Friday. The price is currently below the 50 day, 50 day and 200 day moving average, a bearish sign. However the short term stochastic signal is showing some positive sign. The stock is currently in a short-term uptrend. It has resistance at $1.52 and then at $1.70. On the downside, it has strong support around $1.26 to $1.29 levels. If these levels are broken, then the trend would become down.

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 Monday !!!

AC

Labels: , , ,

Bookmark and Share

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

    Iceman Trading Academy Moderator

    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