Four Trade Ideas for Tuesday
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SolarWinds Inc (NYSE:SWI) stock hit a new high on Monday and continues to
draw interest. I would keep a close eye on this stock going forward it
may make for a great trade. As long as the stock stay above $42,22, the bullish scenario still
intact. From a technical standpoint the chart shows very strong bullish sign. First of all
the stock is trading above both 50-day and 200-day moving average with
both moving average pointing upwards. Then, the MACD indicator is rising
above zero also indicating a buy. In addition, the accumulation/distribution line still show the
stock is on the positive swing.
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Dendreon Corporation (NASDAQ:DNDN) has been slowly creeping higher and I think it could be trading over $12 in the short term. Short term Traders can buy above $11 with stoploss of $10.74 and
targets of 12.49-13. On the daily chart, the technical indicators show a
continuation of the trend with MACD and RSI in the Bullish areas.
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Trina Solar Limited (NYSE:TSL) still needs to Take out the 50-Day MA at $7.38. Although the stock did not perform well this year we finally start to
see some signals of rebound as the technical chart shows positive
momentum is back. I'd look to the $7.4 level moving as the next buy
point. If it passes that, then we have room to run to next resistance at
$8.35. Let’s keep an eye on TSL.
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Royale Energy, Inc. (NASDAQ:ROYL) - Investors continued buying up this
stock, as it surged again today this time to the tune of 9%. The stock
warrants some attention this week. Bullish MACD cross on daily. Next
resistance lies at 5.17 then 5.32
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