-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | New Nissan Leaf » | Trade Ideas for Thursday - Nvidia and Ciena » | Cramer's Mobile Internet Index (8/11/09) » | Trade Ideas for Wednesday - First BanCorp and Rambus » | US Hot stocks for Tuesday - Cree and Applied Mater... » | Three stocks to keep watching - Ciena, Trinity Ind... » | US Hot stocks for Friday - Crocs and Akamai Techno... » | Hot stocks for Thursday - Cisco Systems and Yahoo » | Stock Picks for Wednesday - Alcatel and Juniper Ne... » | Trade Ideas for Tuesday - Motorola and Nokia » 

Thursday, August 13, 2009 

HOT Breakout Stocks to watch : Dell and Ciena

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

DELL made a nice move today, but the volume could have been better. The stock broke out from a very bullish looking ascending triangle formation Thursday on increased volume signaling that this stock could make a big move into Friday. I think this stock could easily make another 15% move from here. From the technical chart KD line shows positive signals as K line is rising on top over D line, and RSI continue moving up. Another thing I would like to point out was the unusual call options activity in Dell over the day. I want to go long in the morning Friday. DELL is now a stock in a Breakout mode.

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

CIEN was one of the few strong network stocks on Thursday, as the stock was up $0.82 on 2x normal daily volume. The stock broke out of a one-month range, hitting a high of $12.83. That’s a powerful sign that high prices are likely to persist. Long positions may be considered on price weakness. $12.83 is now resistance for tomorrow. Keep a close eye on CIEN, because it will move quickly as it breaks resistance. Technically the stock is in a Breakout mode.

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 48 year old Independent Trader using proprietary technical analysis with more than 20 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

    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

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google