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

« Home | Trade Ideas for next week - Ciena, Sirius XM Rad... » | Airline Stocks to watch on Thursday - Continental ... » | Stocks to watch Wednesday- Optimer Pharmaceuticals... » | Stocks to watch Tuesday - Blockbuster and Rambus » | Stocks to watch next week - The Pep Boys , Expedia... » | AC Investor Blog recorded the best week's traffic ... » | 3 Stock Picks for Friday - Sirius XM Radio, Capsto... » | Healthcare stocks to watch on Thursday - Spectrum ... » | One of the most dangerous trails in the world - El... » | Stocks to watch Wednesday- Sohu.com , Rambus and C... » 

Monday, July 06, 2009 

Trade Ideas for Tuesday - Labopharm and KLA-Tencor Corporation

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

DDSS has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $2.45 per share on a respectable volume. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. From a technical viewpoint, the stock is continuing to develop new highs and therefore defining a new bullish trend. Initial support is at 2.46 and followed by 2.37, as long as 2.46 support holds, I'd expect up trend to continue and further rally could be seen to 2.95 zone. However, a break of 2.37 level will take price back towards 2.20 level. Let's see if tomorrow the stock will confirm the recent breakout.

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

KLAC remains in a short up trend. Further rise to test 27.87 resistance is still possible, and a break of 26.36 ( 50-day moving average ) will confirm such case. Initial support is at 25.41. Investors should contemplate fresh purchases only on a close above this 26.36. Most of the technical indicators are pointing towards some more upside in the coming sessions. RSI have moved above the 50 points mark in the daily chart and Stochastic oscillators are surging.

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