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

« Home | Stock Picks and Trade Ideas for Wednesday - GHM, A... » | Stock Picks and Trade Ideas for Tuesday - TRN, ESL... » | Stock Picks and Trade Ideas for the week ahead - S... » | Stock Picks and Trade Ideas for Friday - YHOO, JDS... » | Stock Picks and Trade Ideas for Thursday - RFMD, ... » | Stock Picks and Trade Ideas for Wednesday - YHOO, ... » | 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... » 

Wednesday, August 06, 2008 

Stock Picks and Trade Ideas for Thursday - CIEN, COMS, DDUP, Q

Chart courtesy of stockcharts ( click to enlarge )

Q - The stock failed to break the resistance at $3.90 in July and looks like and accident waiting to happen.Today Qwest broke the major medium term support indicating a strong downmove in the coming days. Keep watching the stock for a major downmove if it breaks the next support at $3.41 on a close basis.

Chart courtesy of stockcharts ( click to enlarge )

DDUP is in a sideways price pattern ( $20-$25 range ). Needs to break out either side to see significant moves.

Chart courtesy of stockcharts ( click to enlarge )

COMS - The stock closed again above the trigger point for the Parabolic SAR and is registering a strong Bullish signal. Let’s see whether the stock can gather enough momentum to break through $2.19. If the Bulls are able to push through this level, there will be another rally towards $2.30

Chart courtesy of stockcharts ( click to enlarge )

CIEN - Looking at the chart, we can see that the trend is clearly downwards. The MACD is also painting a negative picture with the indicator below its signal line. The stock broke down its major support on Monday on increased volume. The chart suggest that CIENA could easily be sent down to its next support at $16 a share. Not a pretty picture.

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

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