Stock Market Ideas for Friday - Microsoft Corporation and Toll Brothers Inc
( click to enlarge )TOL - The stock broke down its major support on increased volume today indicating a strong downmove in the coming days. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. Keep watching the stock for a major downmove if it breaks the next support at $19.42 on a close basis.
( click to enlarge )MSFT - The technical daily chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. However, both stochastic and RSI indicator is reaching the top end which indicates that the stock may be reaching overbought condition soon. For the long term the stock should still continue to go up. Resistance : $26.59 Support : $25.56
Other Stocks to Watch :
Today's candlestick pattern was a Bullish Engulfing
BKE - Buckle Inc
ASUR - Forgent Networks Inc
SABA - Saba Software, Inc.
PAS - PEPSI AMERICAS INC
CBBO - Columbia Bancorp
AMTY - Amerityre Corporation
ECOL - American Ecology Corp
NFBK - Northfield Bancorp Inc
Today's candlestick pattern was a Bearish Engulfing
RIMM - Research in Motion
YHOO - Yahoo! Inc
DELL - Dell Inc
AAPL - Apple Inc
LOW - LOWES COMPANIES INC
ZION - Zions Bancorporation
ALTR - Altera Corporation
MYL - Mylan Inc
INTU - Intuit Inc.
CY - CYPRESS SEMICONDUCTOR
NOVL - Novell, Inc.
VRSN - VeriSign, Inc.
XRX - XEROX CORP
AMKR - Amkor Technology, Inc.
GME - GAMESTOP CP
WDC - WESTERN DIGITAL CORP
ABAT - Buy It Cheap.com Inc
LXK - Lexmark International
VCLK - ValueClick, Inc.
HNZ - HEINZ H J CO
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...
Cheers!
AC
