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
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
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
