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Thursday, August 02, 2012 

Stock Trade Ideas For Friday August 3

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Symantec Corporation (NASDAQ:SYMC) - Today's action gave us another green day and we closed right at the 200-day MA line at 16.33. If we break then we could see 17 to 17.5 ranges in the short term. Support at 15.35 below.

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The short-term outlook for Juniper Networks, Inc. (NYSE:JNPR) is bullish. Fresh long should be made only when the stock closes above $18 with an up candle. We need a consistent move above this level to continue the bullish scenario testing $20.22 ( 200-day moving average ).

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Ocwen Financial Corporation (NYSE:OCN) broke out on huge volume. The stock closed up $2.21 today and looks poised to make another move on Friday. If the stock breaks through today’s high of $21.94, I will enter for a trade. The technical chart above shows the stock is on a strong bull market as the stock is trading above 50-day and 200-day moving with both moving average pointing upwards. I will watch the stock closely on Friday and buy once it breaks through resistance.

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Clearwire Corporation (NASDAQ:CLWR) has gained momentum recently and the stock rebounded about 35% in the past couple of trading sessions on increased volume. Today, the stock closed at its critical breakout point of 1.23, which may be broken out soon. If the stock crosses this hurdle, it has potential to gain 10-15%.

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CapitalSource, Inc. (NYSE:CSE) had a good session, up 1.46% to 6.97, closing above its resistance area that has contained prices over the last four weeks. Today's break suggests a continuation of the upmove.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time. 

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.

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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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