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Thursday, June 25, 2009 

3 Stock Picks for Friday - Sirius XM Radio, Capstone Turbine Corp and CAI International Inc

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

SIRI - Shares of Sirius XM Radio, surged for the fifth day in a row on Thursday by adding 15% or 0.06 cents to $0.455 per share. A closer look at the daily chart it displays a downtrend line broken to the upside with huge volume. From here we can expect a run to the $0.555 area and from there we could see an explosive upsurge to $0.631 and better. The MACD indicator is now above its signal line and is indicating further strength. In addition, the ADX is increasing and is above 20 level which shows a strong trend is developing. The RSI indicator is moving up above 50 and the +DI is greater than the -DI by a great margin, indicating a Bullish trend. Further rally is still in favor next week and target is at 0.55-0.63 area.

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

CPST - The technical daily chart above shows possible new rally as K line has crossed on top over D line while ROC is still at oversold level. In addtion the price is back above 50 day moving average. I'm still bullish on Capstone Turbine Corp.

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

CPA recorded a new high in the last trading session. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $38.67. I'll be watching her carefully for any possible opportunities.

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

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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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