Stock Market Ideas for Tuesday - Citigroup and Curis, Inc.

Monday, September 21, 2009

Stock Market Ideas for Tuesday - Citigroup and Curis, Inc.

( click to enlarge )

Is the stock forming a bull flag? C has decline since its high of 5.42 on 28/8. It has found a channel down possibly forming a bull flag with lower highs and higher lows. Declining volume indicates an absence of concerted selling pressure. The price can head towards the 4.52-4.55 zone. If this zone is surpassed, getting to 4.70 would be a possibility. Add to your position once there is a close above 4.55.

( click to enlarge )

As you can see on the daily chart, CRIS has been under strong accumulation. The movement of the stock last week is promising and the short-term up trend can continue to take the stock higher. CRIS is now set up nicely in a base for a potential breakout, so keep an eye for a possible breakout over $2.54. For those planning to enter, a good entry point would be from 2.35-2.45 as long as it does not go below 2.30.

Other Stocks to Watch :

Today's candlestick pattern was a Bullish Engulfing

FNM - Fannie Mae
CSCO - Cisco Systems, Inc.
PALM - Palm, Inc.
TLAB - Tellabs, Inc.
ATVI - Activision, Inc.
DAL - Delta Airlines
CAL - CONTINENTAL AIRLINES
MPEL - Melco Crown Adr
APOL - Apollo Group, Inc.
YRCW - Yellow Roadway
CHRS - Charming Shoppes, Inc.
ESLR - Evergreen Solar Inc
AKAM - Akamai Technologies.
SWKS - SKYWORKS SOLUTNS
CIEN - CIENA Corporation
HNSN - Hansen Medical Inc
VMED - Virgin Media Inc
CNX - CONSOL Energy Inc
SOLF - Solarfun Power Holdings
AAI - AirTran Holdings, Inc

Today's candlestick pattern was a Bearish Engulfing

DEI - Douglas Emmett Inc
OWW - Orbitz Worldwide Inc
CSUH - Celsius Holdings Inc
UDR - UDR Inc
REV - Revlon Inc
ABR - ARBOR REALTY
NEP - DRACO HLDG CP
WW - WATSON WYATT WLD
CBLI - CLEVELAND BIOLABS

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

Labels: C, CRIS