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

« Home | The World’s Richest Man hit by the crisis » | Stock Picks and Trade Ideas for Tuesday - BDX, HOL... » | Stocks to watch next week - KNSY, BAX, APSG » | No light at the end of the tunnel » | Stock Picks and Trade Ideas for Friday - CIEN, A, ... » | The engine of the European economy is breaking do... » | Stock Picks and Trade Ideas for Thursday - AAPL, R... » | The strange case of the disappearance of the pick-... » | Stock Picks and Trade Ideas for Wednesday - Amazon... » | Another Financial crisis in the banking sector is ... » 

Tuesday, March 03, 2009 

Stock Picks and Trade Ideas for Wednesday - Akamai and Symantec

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

SYMC -The stock had a moderate bearish movement today. On daily chart we can see that the short term trend remains bearish but I think the bias unclear in nearest and medium term, so it’s better to keep stay out from the market. The stock is still holding support at $13 but at the same time has not bounce very strongly here. A break below $12.65 area will likely be bearish for stock, on the other hand a close above $13.99 on heavy volume will launch a rally.

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

AKAM - The stock made indecisive movement on today session by opened and closed at almost the same price, formed a Doji formation on daily chart. Akamai Technologies shares have been trading in a short-term uptrend since the lows of $9.25 in November of 2008. Looking at the daily technical chart, it looks like the stock is forming a rising wedge (bearish pattern) with a likely target of around $20. It will be interesting to see if market touches $18.98 again or perhaps even $20 in the coming days before a good fall. For now, the bias is bearish in nearest term testing the main support area at at 16.50 – 15.44 but remains unclear in medium term.

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

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