3 Stocks to Watch Friday - Motorola , JDS Uniphase Corporation and KHD Humboldt Wedag International Limited
( click to enlarge )MOT seems to have a small descending channel and broke above resistance at 8.45. The breakout from the resistance line is just a confirmation of the recent upward move. In addition, this breakout was accompanied by large volume, however this may still be affected by general market sentiment and by the earnings report. From the technical chart MACD and KD both signal positive strength. The stock is now trading above 50 day and 200 day moving average, also a bullish sign. Things to watch out for tomorrow is the $9 level acting as resistance and the gap formed between 8.46 and 8.27. A move above the resistance line means there is a good chance for price to move up to new highs.
( click to enlarge )JDSUwas down again on Thursday. The stock appears to be holding the $5.80's well. As most of you know, I hold a long position and will be looking to add when stock closes back over the 10 day moving average ( currently $6.40 ). Until then, it is important that JDSU hold the recent low of $5.7.
( click to enlarge )KHD - Today's jump has put the stock back above the major horizontal resistance at $9.53. If more sellers take this stock down to the $9.30-$9.15 area, I will be a buyer. Anything under $9.5 is a strong buy in my opinion. KHD could be a good stock for medium-term investment, based on its historical performance and from the technical indicators. Let's keep an eye on it.
Other Stocks to Watch - ( Pattern is Bullish Engulfing )
ELN - ELAN CORP P L C
ODP - OFFICE DEPOT INC
JASO - JA Solar Holdings
ESRX - Express Scripts, Inc.
PSYS - Psychiatric Solutions
CSIQ - Canadian Solar Inc
COT - COTT CORP
DISCA - Discovery Holdings
CVG - CONVERGYS CORP
CGLD - Capital Gold Corp
ONXX - ONYX Pharmaceutical
RGS - RGS ENERGY GROUP INC
LEARQ - LEAR CORP
TSL - Trina Solar Ltd
DVA - DaVita Inc
IGK - ING Group NV
ARST - ARCSIGHT INC
SXCI - SXC Health Solutions
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
