--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

Tuesday, April 21, 2009 

Stocks to watch Tuesday - Research in Motion and PMC Sierra

Chart courtesy of www.stockcharts.com ( click to enlarge )

RIMM - Looking at the technical daily chart above, there is a possibility of a drop to 60-62.50. This view would be valid if the stock fails to move past the resistance zone at 68.08 ( 200-day moving average ) again. A close above this level would have positive implications and propel the stock into the next leg of the bullish trend. I continue to be bullish on the company and a move to the 75-80 range is not ruled out. Remain invested with a stop-loss at 62.50.

Chart courtesy of www.stockcharts.com ( click to enlarge )

PMCS reversed direction at 7.30 today with a good volume. This level is proving to be a strong resistance zone. Long-term investors who have entered at lower levels may take partial profits and have a stop-loss at 6 for the rest. Shareholders who prefer higher risks may hold with a stop-loss at 6.71. A drop below this level would result in a short-term weakness and the share price may drop to the 6-6.20 range subsequently.

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. See you tomorrow !!!

AC

Labels: ,

Bookmark and Share

09:31 | |

Monday, February 16, 2009 

Stocks to watch this week - PEGA, PMCS, MSFT

Chart courtesy of www.stockcharts.com ( click to enlarge )

MSFT - The price movement last week was marked by a slightly degree of volatility. The near-term outlook will depend on the price movement in the next few days. A close above 19.50 will impart bullishness and will help the stock move to the 19.93-21 zone. A drop below 18.50 will have negative implications that will push the stock down to the 17-17.50 range. Technically,the ADX chart is looking weak with the +DI being below the -DI. ADX value is now at 16 and is turning down. This shows that the stock is losing momentum. In addition, MACD is printing a negative divergence, I would be quite prudent not opening long positions at resistance levels.

Chart courtesy of www.stockcharts.com ( click to enlarge )

PMCS is developing a short sideway move characterized by low volatility. The stock is a candidate to be traded in breakout mode. The technical indicators are looking better for the stock with MACD indicator above its sell signal line, K line on top of D line and RSI indicator moving up from the 50 level. A close above 5.75 will impart bullishness and will help the stock move to the 6-6.47 band. A drop below 5.20 will have negative implications that will push the stock down to the 4.65-5 range.

Chart courtesy of www.stockcharts.com ( click to enlarge )

PEGA - The stock has broken out to all time highs on Friday. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. However, Both Stochastic and RSI indicator is reaching the top end which indicates that the stock may be reaching overbought condition soon. Let's see if next week the stock will confirm the breakout. For the long term the stock should still continue to go up.

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.

AC

Labels: , ,

Bookmark and Share

07:37 | |

Tuesday, July 29, 2008 

Stock Picks and Trade Ideas for Wednesday - YHOO, PMCS, BUCY, XL, RIMM

Chart courtesy of stockcharts ( click to enlarge )

PMCS is still holding support AT $7 but at the same time has not bounce very strongly here. A break below $6.98 area will likely be bearish for stock, on the other hand a close above $7.85 on heavy volume will launch a rally.

Chart courtesy of stockcharts ( click to enlarge )

BUCY - The stock has resistance at $72.50. If the stock is able to cross this level and sustain above it, then it might go to $75 and then even to $79.52. The technical chart shows positive sign as the stock is back above both 50 day and 200 day moving averages. Rising KD should continue to carry the rally. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

XL - The stock has a strong support at $17.50. If the stock breaches this level on a close basis, then it might decline to $15.95. Support after 2.95 is at $14.61. However, if the stock sustains above its $17.50 during some sessions, then it may go to $20. The stock is currently in a downtrend.

Chart courtesy of stockcharts ( click to enlarge )

RIMM - The stock rallied in mid of July and then consolidated. Watch $119.60 up and $110 down.

Chart courtesy of stockcharts ( click to enlarge )

YHOO - It becoming a stressful situation to hold shares of Yahoo at this moment. The stock has been under a strong manipulation shaking every time any news comes out. I start getting frustrated with all commentaries that many speculators have used for gaining popularity and making money with the fluctuation of the share price. I have to admit that I still holding my shares, just due to the high level of inflow money that this stock still showing, it’s a signal that the big boys are not selling just increasing slowly the long position. If you look closely to the latest movements in the stock, the volume has been too small for a stock like this, with a 28 Billion of capitalization. No one knows the future of the stock, but one thing is completely truth, Microsoft will not gain market share to Google in the years to come without Yahoo.

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. See you Tomorrow !!!

AC

Labels: , , , ,

Bookmark and Share

21:16 | |

Monday, June 30, 2008 

Stock Picks and Trade Ideas for Tuesday - PMCS, RFMD, BIDU, GOOG

Chart courtesy of stockcharts ( click to enlarge )

From my point of view I think Google may break down here. This stock is slowly but steadily coming down on each passing day. Up/Down volume pattern indicates that the stock is under Distribution. The stock closed fractionaly above the major support at $525, but any close below this level could have further negative implications for the stock, and a move to $460 cannot be ruled. At this time the stock is still trading below both 50 day and 200 day moving average showing weakness on the stock. In addition, falling MACD, now below 0, also indicates bearish trend. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

BIDU is back to the descending trendline and showing a little weakness in the technical chart.The stock is still weak as MACD is below signal line and the stock is below 50 and 200 day moving average. The BIDU may be a good short again if is unable to break the upper trend line at $328.

Chart courtesy of stockcharts ( click to enlarge )

RFMD is looking pretty bearish after the head and shoulders top and then a failed consolidation. It looks like the stock should test $2.52 again which price was touched on March 17.

Chart courtesy of stockcharts ( click to enlarge )

PMCS - All the technical indicators are pointing towards a downfall. The stock is finding resistance at $8. If the stock is unable to cross this resistance and starts to decline, then nearest support is at $7.50. If $7.50 is broken, then the stock may decline to $6.60.

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. See you Tomorrow !!!

AC

Labels: , , ,

Bookmark and Share

21:03 | |

Friday, June 27, 2008 

Stock Picks and Trade Ideas for Next week - AMAT, SOLF, ABAT, PMCS

Chart courtesy of stockcharts ( click to enlarge )

PMCS - The stock dropped more than $1 in the last three days. It looks like investors are getting pretty nervous over how earnings might play out and the recent news from its rivals were so bad that it will not for sure help the sentiment on stock. Looking at the daily chart the stock broke down on yesterday reversing a three-month uptrend. In addition MACD is also weak as MACD and signal line are below and are declining.First support is at $7.06 with stronger support down at $6.58. This stock is pointed south.

Chart courtesy of stockcharts ( click to enlarge )

ABAT broke out to record highs today on heavy volume confirmation indicating that this breakout is more likely to be real. However at this point we may need to pull back and retest $5.68 to reset the overbought conditions and provide some room to develop a new trend up.

Chart courtesy of stockcharts ( click to enlarge )

SOLF - The stock is consolidating in a descending triangle pattern, if the shares price breaks down the $18 support level there isn’t any support until around $16 leaving lots of room for this to run for the bears.

Chart courtesy of stockcharts ( click to enlarge )

AMAT - The pullback below the short-term support level, accompanied by a bearish MACD crossover, suggests that the selling pressure is increasing and the stock might test $19 levels in the short term if it is able to sustain below $19.65.

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. See you Monday !!! Enjoy your weekend !!!

AC

Labels: , , ,

Bookmark and Share

20:57 | |

Wednesday, June 25, 2008 

Stock Picks and Trade Ideas for Thursday - PMCS, CSIQ, LDK, MOS, POT

Chart courtesy of stockcharts ( click to enlarge )

POT broke double top support with a high volume decline in mid June. Broken support turned into resistance around $215. The pattern looks good but any move below the support opens the door to the mid 200s . It is better to stay at the sideline and see how the stock react for the next few days as the stock has approached the pressure line of 20 day moving average and also is coming back to test support at the previous breakout area.

Chart courtesy of stockcharts ( click to enlarge )

MOS surged to trendline resistance with a good volume and a break above $148 would be quite bullish. Tomorrow let's kep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

LDK broke falling price channel resistance yesterday and continues to work its way higher. From the technical chart both MACD and KD are showing bullish sign as MACD is rising near 0 while KD is crossing up. The stock might test $47 level in the short term if it is able to sustain above $42.

Chart courtesy of stockcharts ( click to enlarge )

CSIQ - The stock is pulling back after recent strong move up. If it does not catch support here ( between $42.50 and $43 ), look for support at the 20 DMA at 41.79.

Chart courtesy of stockcharts ( click to enlarge )

PMCS - This stock has support at $8.50 and $8.24 levels. Currently trading at its 20 DMA, if the stock is able to find support at its 20 DMA and moves above 8.99 then it might go to $9.15. Keep an eye on it for a possible breakout over $9.15.

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. See you tomorrow !!!

AC

Labels: , , , ,

Bookmark and Share

20:40 | |

Monday, April 28, 2008 

Trade Ideas for Tuesday - PMCS, LDK, RMBS, SOHU

Chart courtesy of stockcharts ( click to enlarge )

SOHU - The stock has broken out to all time highs during today session, after the Chinese Internet portal operator reported a strong first quarter and forecast second-quarter revenue above analyst projections. At the present level she's incredibly extended. I'm very bullish on this stock, but in situations like this, I prefer to wait for a pull back rather than chase the market. Technically the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average.

Chart courtesy of stockcharts ( click to enlarge )

RMBS - $22 has been a good support for Rambus over the past days as highlighted in white. If support breaks expect a move to its 50-day moving average at $20.57.

Chart courtesy of stockcharts ( click to enlarge )

LDK - From the chart above, we can see that the stock has found a nice support around the $30 level. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let's keep an eye on her as i think momentum will pick up.

Chart courtesy of stockcharts ( click to enlarge )

PMCS - The stock is in overbought territory from a technical standpoint, however it does not mean the stock won't still go up, but a pull back is needed. KD is showing some weakness as K line is below D line. A good entry point should be around $7.50.

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. Have a nice evening !!!

AC

Labels: , , ,

Bookmark and Share

21:24 | |

Monday, April 21, 2008 

HOT Breakout stocks to Watch this week - AMZN, NTRI, PMCS, EXPD, MA, BIDU

Chart courtesy of stockcharts ( click to enlarge )

BIDU - On the technical side, the chart looks very good here. The stock broke through $320 resistance on Friday, and is trading above all of two major moving averages. Plus, the MACD is positive and rising. Nevertheless the risk of correction has increased as RSI is approaching overbought level, but any correction will probably mean buying opportunity at current technical trend. After this breakout the target zone is now $418.

Chart courtesy of stockcharts ( click to enlarge )

MA - Stock broke through resistance, but was not able to gather must momentum. Traders should continue to remain cautions and pre-define stop loss and targets. Hold with a stop-loss at $226.29.

Chart courtesy of stockcharts ( click to enlarge )

EXPD - The stock broke out of a horizontal rectangle pattern on Friday with increased volume, which is very bullish. The technical chart shows the stock has just entered into a bull market as the stock is on top of 50 day and 200 day moving average. Plus, MACD also shows buy as MACD back on top of signal line. I believe this stock can run higher from here.

Chart courtesy of stockcharts ( click to enlarge )

PMCS - The stock looks bullish as it has broken out of a small ascending triangle pattern.

Chart courtesy of stockcharts ( click to enlarge )

NTRI - The breakout was accompanied by good volume. For the coming week, price would probably trade between $19.90-$23. The technical chart shows the stock has been in a bull market since begin of April as the stock has been on top of 20 day and 50 day moving average. In addition MACD also indicates bull market as the MACD signal line has been on top of 0 since mid March.

Chart courtesy of stockcharts ( click to enlarge )

AMZN - Stock broke through resistance at $79 accompanied with high volume. We should be able to see some decent upside movement for the bulls here. Technical indicators such as KD and MACD also show buy signal as K line is on top D line and MACD fast line has just crossed on top over slow line.

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. Have a weekend !!!

AC

Labels: , , , , ,

Bookmark and Share

21:02 | |

Monday, April 07, 2008 

Stocks to watch next week - JDSU, CSCO, PMCS, JNPR, PCLN, JASO

Chart courtesy of stockcharts

JASO had a fantastic week. This stock should run to at least 25 or more. The technical chart looks really bullish as the 50 day moving average is on top of 200 day moving average. The stock rose 16% or 3.28 cents on Friday and should be expected to go much higher based on technical chart on strong MACD and KD, both showing buy signal as MACD is on top of signal line and K line is on top of D line. Next week stay tuned on JASO.

Chart courtesy of stockcharts

PCLN - The stock has a large ascending triangle. The buy point would be when the price breaks $130 on heavy volume.

Chart courtesy of stockcharts

JNPR is at critical support near 24. Stock could go either way depending on how it deals with a major trendline. Indicators are not famous, such as MACD and KD also show sell signal as MACD is below 0 and K line is below D line.

Chart courtesy of stockcharts

PMCS - After the share surge it might be a good time to take some profits, $6.54 is the major resistance and a pull back in share price is very likely. From a pure technical standpoint, the stock has already reached overbought conditions.

Chart courtesy of stockcharts

CSCO - The technical daily chart of CSCO shows not good news for Bulls. Chart displays a very bearish sign as the 50 day moving average has crossed below 200 day moving average around mid January forming the Death Cross, and is still activated. In addition other technical indicators such as MACD and KD also show sell signal as MACD is below signal line and K line is dropping below D line. So, for now there is no signals to enter long on stock.

Chart courtesy of stockcharts

JDSU - The stock has broken out of an ascending triangle pattern and looks bullish. The volume confirmed the breakout, as it was greater than average. This chart tells you that the place to be in JDSU is on the long side, however you should be prepared for possibly backtest of the breakout line around $14.

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. Have a nice weekend !!!

AC

Labels: , , , , ,

Bookmark and Share

18:28 | |

Thursday, April 03, 2008 

Stocks for Friday - AMD, KLAC, PMCS, CSIQ

Chart courtesy of stockcharts

CSIQ had a strong day and broke through its resistance line. The volume confirmed the breakout, as it was greater than average. Look for Canadian Solar to test the prior highs of December. With technical chart showing strength as MACD is above signal and K line above D line , we could see the stock keep going up.

Chart courtesy of stockcharts

PMCS - As expected, the stock found resistance at the 6.5 resistance level. Stock might see a short term pullback before a breakout

Chart courtesy of stockcharts

KLAC - The stock broke through its major resistance at $40 with higher volume, so make sure to keep watching this one. Next resistance is at $40.59 ( 50 dma ).

Chart courtesy of stockcharts

AMD - For the 8th time, this stock is trying to break a downtrend line from February. Looking at the daily chart, a break of the line is imminent in my opinion, regarding to the Sto and MACD indicators, both rising. Buy point is when it crosses the downtrend line on heavy volume and closes out of the pattern.

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. Have a nice evening !!!

AC

Labels: , , ,

Bookmark and Share

21:15 | |

Saturday, January 26, 2008 

Stocks to watch on Monday - PMCS, Citigroup, Goldman Sachs, CPHD, LDK,

Chart courtesy of stockcharts

Goldman Sachs - The previous support level at $200 for GS stock is now its resistance level. Will the resistance be broken next week ? Maybe.......depending of markets mood. The technical daily chart shows weakness as the stock is trading below major moving averages. In addition MACD is below 0 showing the stock is in bear market. One possible positive indicator is KD where K line still on top over D line. If the stock can go up a few more days it will be back to bull market. So, stay tuned on her for a possible breakout over $200.

Chart courtesy of stockcharts

LDK - Stock has a big resistance range at $40-$40.50, which is where we need it to break to make a big move. I will continue to watch the stock on Monday.

Chart courtesy of stockcharts

Stock has risen strongly since November, and it has formed a nice uptrend channel. Currently share price is in the middle of the channel. Support is at $29 and resistance at $33.36. A break below the channel at $29 will be very negative but looks like an unlikely situation, so I expect prices to continue rising.

Chart courtesy of stockcharts

Currently Citigroup is testing the downtrend line from early October but did not get through. Entry long would be on the day it blows through its downtrend line on heavy volume. A short position here has a low risk with a stop above downtrend line.

Chart courtesy of stockcharts

PMCS - The stock found resistance at $5.70 for the third time this month, closing near its lows for the day. A test of previous lows at $4.61, is now an open scenario.

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. Have a nice weekend !!!

AC

Labels: , , , ,

Bookmark and Share

09:25 | |

Friday, November 09, 2007 

Bulls - Another day to forget ..........

Chart courtesy of stockcharts

PMCS has come back to its 200 dma and is offering a decent entry here.

Chart courtesy of stockcharts

CIEN continues to trade this tight range and should have an explosive move to either direction, although a bullish move is more likely. Today found support in its 20 dma.

Chart courtesy of stockcharts

NVDA looks like it may find support at the breakout area.

Chart courtesy of stockcharts

GOOG may find support at the 20sma, or in the other hand we should see the same scenario on Google that we have had in July.

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. Have a nice evening !!!

AC

Labels: , , ,

Bookmark and Share

01:35 | |

Contact

About Me

    Photobucket

  • I'm a 45 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.

    • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Follow me

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    PREVIOUS POSTS

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google