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.
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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.
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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AC
Labels: CLWR, CSE, JNPR, OCN, SYMC
