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Tuesday, June 30, 2009 

Stocks to watch Wednesday- Optimer Pharmaceuticals and RehabCare Group

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

OPTR broke out today on a nice volume. If this chart does what is supposed to do, it will be going higher in the days to come. Technically, the stock is in a strong Bull Market with share price above 20, 50 and 200 daily moving averages. Let's see if tomorrow the stock will confirm the breakout. Short-term investors can buy with a stop at $14 and long-term investors can hold with a stop at $13.18. Let's keep an eye on her as i think momentum will pick up.

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

RHB recorded a new high in the last trading session. Short-term outlook for the stock is bullish. If in the next sessions new highs don't happen, I expect to see a decline due to the overbought conditions. On contrary, new fresh exposures on RHB should be made only when the stock move above 24.52. Stay tuned !!

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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Thanks for the comments on your blog. I've been a holder of OPTR from $12.97 and it's really looking like their chart is gaining strength. I'm glad you posted it.

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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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