Trade Ideas for Friday - LM, CEO, CME
Chart courtesy of www.stockcharts.com ( click to enlarge )CEO - Taking a short-term perspective, the stock have traded within an uptrend channel since November 2008. A break below the 80 level would indicate a break of the short term uptrend line, while allowing the stock to move all the way down to 72. However, for now this scenario is unlikely, based on today's close. Right now, it might rebound from here and head toward the channel resistance.
Chart courtesy of www.stockcharts.com ( click to enlarge )LM - The near-term outlook is bearish. Technicals are currently oversold but remain neutral to bearish signaling sideways to lower prices possible in the near term. Only a close above 22.70 will confirm the short term low for the stock. I'm looking for a good trade if the prices close above this level. On the downside the next target is 18.07. Remain invested with a stop loss at 19.07 ( Dma 50 ).
Chart courtesy of www.stockcharts.com ( click to enlarge )CME - Trendline support has been broken today on the daily chart at 175 with the next target at 156. I would exit longs at this time. An aggressive trader may want to short CME here. Technically, the stock is in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages.
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. See you tomorrow !!!
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. See you tomorrow !!!
AC
