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Monday, February 02, 2009 

Stock Picks and Trade Ideas for Tuesday - AKAM,CYBS,PFE

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

PFE - Technically, the stock is still in a downtrend despite the pop in price on today's session. The resistance levels are now at 15.16 and then at 15.30. It is better to stay at the sideline. Only a close above $15.30 would trigger some positive sentiment. Long positions may be considered on a daily close above this level, with a stop-loss at $14.50.

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

CYBS - The technical daily chart shows the stock has been on a downward trend in the recent weeks. It staged a reversal on Tuesday of the past week. Further strength above $13.35 opens the door to $15. With MACD above 0 we should see more upside from this stock. Fresh exposures may be considered on a move above 13.09. Put CYBS on your radar.

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

AKAM has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $14 per share on a respectable volume. The stock is displaying upside momentum and is poised to move higher from these levels.

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 !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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