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

« Home | Hot stocks to watch next week - Verisign and Yahoo... » | Solar Stocks to watch Friday - Trina Solar and Ren... » | Hot stocks for Thursday - Cisco Systems and Gigame... » | Hot stocks for tomorrow - Fossil and Yahoo » | Hot stocks for tomorrow - Intel and Rambus » | Stocks to watch next week - True Religion Apparel ... » | Hot stocks for Friday - Netsuite and Life Technolo... » | Microsoft is developing the rival of iPhone » | Hot stocks for tomorrow - Ameristar Casino and Cer... » | Hot stocks for Wednesday - Steven Madden and Cardi... » 

Tuesday, May 12, 2009 

Hot stocks for Wednesday - PetMed Express and Advanced Micro Devices

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

The technical chart of AMD has become increasingly bullish and is currently consolidating in an attractive pattern. Technically this looks like the stock is ready to bust to the upside in a possible very strong move. From the chart above , we can see the stock is in a strong bull market with 13 day moving average on top over 50 day moving average and MACD is above signal line. As K line back above D line we should see the stock keep going higher. A move past 4.50 would be a strong indicator of a further uptrend in the stock.

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

The stock has broken the upper channel line of this short term downtrend line. PETS is very bullish with the breakout having a large spread and volume. Looking at the technical indicators, we have the MACD above Zero Line and RSI Above 50, indicating the stock is in a “bullish” trend. In addition, the chart shows a very bullish sign as 50 day moving average has just crossed on top over 200 day moving average "the Golden Cross". The Golden Cross indicates a bull market and it emerges when the short term moving average breaks upward beyond the curve of the longer term moving average, which indicates the end of the down trend and the start of the new up trend. The short-term outlook for PETS is bullish.

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