Stock Market Ideas for Tuesday - AMAT, CVS, TRN
( click to enlarge ) Contrary to expectations, TRN ruled weak and also moved closer to the stop-loss level of 14.93. Investors may remain invested with a stop-loss at 14.90 (on closing basis) as the stock appears to have the potential to bounce back to the target zone of 15.96-16.13.
( click to enlarge )CVS - The stock failed to close above the resistance level of $34. Hold with a stop-loss at 32.36. Investors who have entered at lower levels may place the stop-loss at 31.04.
( click to enlarge )AMAT - Things to focus on technical daily chart is the huge spike in volumn last week. It could have marked the end of the slide and beginning of bottoming. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode. A close above $12.33 would impart bullishness and would help the stock move to the 12.75-13.08 band.
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 !!! Good luck and good trading !!!
AC
