Top picks - CIEN and ADBE
Chart courtesy of www.stockcharts.comADBE - After being trading in a very bearish descending channel since August 2008 Adobe Systems appears to making a comeback in favor of the bulls. Price dropped near 19.50 per share and made a quick and strong jump near 24.50/share with increased volume. Once the stock registers a breakout above this level, there could be a rally to higher levels.
Chart courtesy of www.stockcharts.comCIEN - Over the past five sessions CIEN has experience a huge increase in volume along with some strong price movement. Looking at the daily chart the stock broke out from a symmetrical triangle pattern breaking out of resistance around $7/share horizontally. I believe price action will make a quick run near to 9.85.
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 Folks.
AC
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 Folks.
AC
