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Wednesday, April 01, 2009 

Stocks to watch Thursday - Elan Corp, Marvell Technology and Life Partners Holdings

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

The stock is sitting right on its 50 day moving average at $6.55. The overall outlook for the stock at this precise moment appears bullish. Only a close below $6.74 would negate the short-term bullish outlook for the stock.

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

MRVL has rallied strongly off of the November Lows. On a short–term basis, the stock is fighting with the 9.86 level. Fresh buy should be made only when the stock move above this level.

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

LPHI has dropped from a high of 35.92 in Januray to a low of 12.09 in March. While the long-term downtrend is still intact, the stock is recovering, with the share price moving in a short-term uptrend, with support at $16. If it could surpass its recent high of 18.64, the uptrend for this stock could begin. I recommend a buy only when the stock breaches this resistance.

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 on Thursday.

AC

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  • 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.

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