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Friday, April 24, 2009 

Hot stocks for tomorrow - Silver Standard Resources and Ameritrade Holdings

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

SSRI has been consolidating bullishly for the past month after a breakaway gap. The stock is currently trading in a bull flag consolidation and could be poised to move higher if the general markets cooperate. The technical daily chart shows the stock is due for recovery as MACD is near the neutral zone and K line is on top of D line. Although both 50 day and 200 day moving averages are falling, with K line now on top of D line SSRI shares have the chance to go much higher from here. Keep an eye on the $16.80 level as a floor.

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

AMTD has been trading sideways for a few sessions now. In the near term, the stock is facing resistance at $17. A reversal from this level can drag the stock down towards $15 again. I'm looking to see if AMTD can close over 17 which should lead to further strength. So far the technical chart is still showing buy signal with stock trading above 50 day moving averages with MACD on top of signal line and K line on top of D line. Short-term traders can hold their longs with a stop at $15.

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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