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Tuesday, December 22, 2009 

Stock Picks for Wednesday - Sprint Nextel Corporation, ADC Telecommunications and E TRADE Financial Corporation

( click to enlarge )

S traded higher again on Tuesday as the stock ended the day near highs. The strength at the end of the day tells us to expect continued buying on Wednesday. I expect to see a strong upside move once the stok breaks through resistance now at $3.91. Keep "S" on your radar again on Wednesday as we should see a move very soon.

( click to enlarge )

ETFC consolidated on Tuesday as the stock ended up $.01 on the day. The stock looks to be setting up for an upside move, which is why I will continue to watch over the next few session. Resistance is $1.79, which reflects Friday’s high of the day.

( click to enlarge )

ADCT broke resistance on Tuesday, which should be the start of another upside move. I'm watching the stock again on Wednesday and I'm buyer once it breaks through Tuesday’s high of $6.37. There looks to be good upside in this move, so keep a close eye on ADCT for Wednesday’s trading day.

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 !!!


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About Me

  • 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.

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