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

« Home | Stock Picks and Trade Ideas for Tuesday - GET, SLB... » | Stocks to watch next week - EXM, NETL, GOOG, FSLR » | Russia In Recession » | Stock Picks and Trade Ideas for Friday - JPM, Citi... » | Stock Picks and Trade Ideas for Thursday - BAC,GS,... » | Italy in recession » | Bear market rally in action » | Stock Picks and Trade Ideas for Tuesday - CSCO and... » | Stock Picks and Trade Ideas for the week ahead - J... » | Stock Picks and Trade Ideas for Friday - GPS, TOL,... » 

Tuesday, December 16, 2008 

Stock Picks and Trade Ideas for Wednesday - PAAS, BBY, RMBS

Chart courtesy of www.stockcharts.com ( click to enlarge )

RMBS remains in a clear uptrend, but there were three days of increasing volume and this stock is way overextended. The technical chart shows positive sign as the stock is now trading above 50 day moving average with KD rising and MACD now above 0. Recent surge may spur profit taking near the 200 DMA but for the short term is looking good.

Chart courtesy of www.stockcharts.com ( click to enlarge )

BBY - After breaking out from its bearish descending channel the stock has made a strong run topping it off with todays strong rally on increased volume. The technical chart above shows the stock has reversed the downward trend with MACD back above 0 and stock trading above 50 day moving average. In addition KD also indicate positive momentum.

Chart courtesy of www.stockcharts.com ( click to enlarge )

PAAS broke out from the horizontal resistance on expanding volume. This momentum could push this stock much higher from here. Next resistance is now seen at $18.14.

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

    Iceman Trading Academy Moderator

    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