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

« Home | Photoshop tutorials » | Stock Picks and Trade Ideas for the week ahead - G... » | Stock Picks and Trade Ideas for Friday - RIMM, XOM... » | Stock Picks and Trade Ideas for Thursday - RF, C ... » | Stock Picks and Trade Ideas for Wednesday - BAC, D... » | Stock Picks and Trade Ideas for Tuesday - YHOO, AA... » | The week of the big falls » | There will be tough economic times ahead » | Trade Idea for today - Cisco Systems » | Don't Panic! It's Time to Celebrate » 

Monday, October 20, 2008 

Stock Picks and Trade Ideas for Tuesday - SYMC, CHK , RIMM, BIDU

Chart courtesy of stockcharts ( click to enlarge )

SYMC - In the near term, the stock is in a recovery mode. Technically, chart shows the stock could be back to rally again as the MACD fast line crossover the MACD slow line indicating a buy signal. Go long at any close above the $15.90 area.

Chart courtesy of stockcharts ( click to enlarge )

CHK - The technical daily chart above shows weak sign as the stock is below both 50 day and 200 day moving average. However KD shows possible rally as K line is on top over D line and MACD back again above 0. Although the moving average remains weak, as soon as there's any breakout above $24 we should see a lot more buyers coming.

Chart courtesy of stockcharts ( click to enlarge )

BIDU - The stock appears to be headed towards the target zone of 260-273 in the short-term. Hold with a stop-loss at $229.

Chart courtesy of stockcharts ( click to enlarge )

RIMM - Research In Motion shares lost 10 percent on Monday after a brokerage report said that retail sales trends for BlackBerry smartphones in North America and Western Europe have been "slightly disappointing". In a note issued on Monday, Pacific Crest Securities analyst James Faucette said so called "sell-through" trends throughout the middle of October have been slightly disappointing. It also said risks to November-quarter results are building as the company is becoming more reliant on "aggressive and successful" launches of its BlackBerry Storm and BlackBerry Bold models in the United States. The share price has been in a downtrend since middle of August.There are no signs of the completion of this downtrend as yet. A close below $50.22 will push the stock to $45-$41.25. Hold with a stop-loss at $50.22.

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