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Wednesday, October 22, 2008 

Stock Picks and Trade Ideas for Wednesday - YHOO, APL , EXM,

Chart courtesy of stockcharts ( click to enlarge )

EXM - The stock is finding resistance at its 20-day moving average. If the stock is unable to cross this resistance and starts to decline, then nearest support is at $12.50. If $12.50 is broken, then the stock may decline to $10.06. On the other hand, any close above $13.49 will signal a move to $15.96.

Chart courtesy of stockcharts ( click to enlarge )

APL - The stock is trying to cross over the downtrend line. As long as APL is under that downtrend line crossing right around $55, the trend is down. Keep an eye for a possible breakout over $55.

Chart courtesy of stockcharts ( click to enlarge )

YHOO - I would like to point out that the MACD histogram is currently below the zero line but starts to move upward towards the zero line, indicating that current the downtrend is losing momentum and may provide an change indicator in pricing trend. When the histogram is below its zero line (negative) and starts to rise and volume is decreasing, the downtrend is losing momentum. Stay tuned on Yahoo.

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

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  • 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.

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