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

« Home | Global Financial crisis and some Trade Ideas for n... » | AC Investor Blog - This week's visits and Page Vie... » | Stock Picks and Trade Ideas for Friday - YHOO, GOO... » | Stock Picks and Trade Ideas for Thursday - TOL, SI... » | Free iPhone Theme Maker » | Wells Fargo surpassed Citigroup in market Cap » | Trade Ideas for Tuesday - C, CIEN, RFMD, BAC, WB » | Stock Picks and Trade Ideas for the week ahead - E... » | Stock Picks and Trade Ideas for Friday - TRN and G... » | Stock Picks and Trade Ideas for Thursday -MRVL, GO... » 

Monday, September 15, 2008 

Stock Picks and Trade Ideas for Tuesday - GOOG, SNDK, TRN, AMD

Chart courtesy of stockcharts ( click to enlarge )

GOOG - From a near term perspective the most obvious level to watch is right now the $442 level. The bulls need to push prices above this level to start making some progress. A failure to take out this level in the next sessions is outright bearish and suggesting a test of key support at the $406 level.

Chart courtesy of stockcharts ( click to enlarge )

AMD ruled weak and also breached the crucial stop-loss level at $5.24 ( 50-day moving average ). The short-term trend has now turned bearish and a drop to Rs $5-5.15 appears likely. Fresh exposures may be avoided. A close below this level could push the stock to $4.50.

Chart courtesy of stockcharts ( click to enlarge )

TRN may find support here at the 200 sma. Any close below this level will extend the losses further.

Chart courtesy of stockcharts ( click to enlarge )

SNDK looks like it started to break down here. The short-term trend has now turned bearish and a drop to $14 appears likely. Keep an eye on the $14 level for signs of support.

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

    Stockal supporter

    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