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

« Home | Stocks to watch Wednesday- Ciena and Advanced Micr... » | Banking stocks to watch tomorrow : Goldman Sachs G... » | Trade Ideas for next week - Arch Coal, American In... » | Hot stocks for Friday - Ross Stores and DXP Enterp... » | Hot stocks to watch Thursday - Sirius XM Radio and... » | Stocks to watch Wednesday- Nvidia and Rambus » | Trade Ideas for Tuesday - Labopharm and KLA-Tencor... » | Trade Ideas for next week - Ciena, Sirius XM Rad... » | Airline Stocks to watch on Thursday - Continental ... » | Stocks to watch Wednesday- Optimer Pharmaceuticals... » 

Wednesday, July 15, 2009 

Stock Picks and Trade Ideas for Thursday - Intel, Level 3 Communications and Wells Fargo & Company

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

WFC showed some signs of strength on Wednesday, as the stock closed up $.90 on the day. The stock broke resistance today, but it was too late for me to make a trade. I feel there will be a continuation move on Thursday, and I'm buyer once it breaks through Wednesday’s high of $25.47. From the technical chart above we can see that the stock is on a bull market as the stock is trading above both 50 day and 200 day moving average and the 50 day moving average is on top of 200 day moving average heading upwards. From here, the stock might run to $27 according to the way the market is acting now.

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

Over the past five weeks LVLT has experience a huge increase in volume along with some strong price movement. Looking at the daily chart the stock broke out from a symmetrical triangle pattern breaking out of resistance around $1.5/share. I believe price action will make a quick run near to 1.77.

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

INTC was a big winner on Wednesday, as the stock traded higher on good news and strong earnings from the company. The stock hit a high of $18.19, which is resistance for the continuation move. From a technical standpoint, the stock is very strong. Now that the stock is on an uptrend with MACD above the signal line, any pull back would mean great buying opportunity.

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. 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

    Stockal supporter

    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