Top stocks pick for next week
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Jamba, Inc.(NASDAQ:JMBA) had a remarkable move up with very high volume
this week breaking out of the sideways channel. This is currently a buy
and the target price of this pattern is 2.6. At this point the stock is a
candidate for a flag / pennant formation here. Watch out for the
pennant / flag for the coming week. From a technical standpoint, the chart shows very bullish sign as 50-day
moving average has just crossed on top over 200-day moving average with
MACD above "0".
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Ciena Corporation (NASDAQ:CIEN) The $17 area has been proved to be a
strong resistance. If the pullback continues in the next week for
another day or two, look for the stock to find support around the
$14.9-$15 range.
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Elan Corporation, plc (NYSE:ELN) has been pulling back steadily
into support and finally got some buying today and may be ready to
retrace some of the pullback. From a technical standpoint the stock still looks very strong with both
50-day and 200-day moving average going up while MACD is above 0. A test of the March top is on the cards.
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Career Education Corp.(NASDAQ:CECO) held its 50-day moving average on today's sell-off and closed the day gaining more than 5%. Investors and traders are buying back in after a healthy pull-back and I think the next move higher will take this stock much closer to my short term target of $8.5. Honestly, this stock will surprise many people in the weeks and months ahead IMO.
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Camelot Information Systems Inc (NYSE:CIS) is still in my watch list
as it has not yet broken out of the symmetrical triangle. The technical
divergences in some indicators are still intact and the stock has
formed a strong support at 2.28/2.35.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Thanks for visiting AC Investor Blog.
AC
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Thanks for visiting AC Investor Blog.
AC
Labels: CECO, CIEN, CIS, ELN, JMBA
