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Saturday, December 13, 2008 

Stocks to watch next week - EXM, NETL, GOOG, FSLR

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

FSLR - Despite the overall bullish market sentiment, the stock registered a decline of 15 percent from the previous week's close. A close above $128.14 would impart a positive undertone while a drop below $110 on a close basis would impart bearishness. Remain invested with a stop loss at $110.

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

GOOG - Looking at the daily chart the near-term outlook appears positive. A move above the near-term resistance level of $323.47 would help the stock touch the immediate price target of $340-372. Only a drop below $287.30 would negate the positive outlook for Google.

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

NETL - - The stock might face a period of sideways action while it consolidates the gains booked in the last sessions. The stock will face short to medium term resistance at $20.05 ( 50 DMA ). Once this level is crossed with good volumes, the stock can go to $23,26.

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

EXM - The stock has been in a correction phase after a strong upside movement. Only a drop below $5.80 on a close basis would negate the positive outlook for Excel Maritime Carriers shares. Existing holders may remain invested with a stop loss at $5.80. On the other hand, any close above $8.88 would have major positive implications from a long-term perspective.

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 Monday !!

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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