Stock Picks and Trade Ideas for Tuesday - YHOO, AAPL, LVS
Chart courtesy of stockcharts ( click to enlarge )LVS - The recent downward trend does not appear complete. The stock could drop to the $13-13.25 range again. Fresh exposures on stock may be considered either on evidence of support at around the $13-13.25 range or on a move past $16. Technically, the chart above shows weakness as the stock is trading below major moving averages. In addition MACD is below 0 showing the stock is in a bearish mode. The only possible indicator is KD where K line seems to be ready to rise above D line which could mean rebound. Stay tuned on LasVegas Sands Corp.
AAPL - The near-term trend is now bullish and a close above $114.38 would confirm the positive outlook. Remain invested with a stop-loss at $101.02. Only a close below $96.80 would negate the positive outlook.
YHOO - The stock surged today on fresh buying interest. The stock has now a resistance at $14. If the stock is able to cross it, then it might go to $15.82. Nearest support is at $12.56. Technically, the stock is in a downtrend. There is nothing positive looking at the technical chart above except KD which is now rising. All other indicators still point to a bear market.
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
