Stocks to watch tomorrow - JNPR, VOL , BRCM, AMZN
AMZN - The technical chart above shows weakness as the stock is trading below major moving averages ( 20, 50, 200 ), and if you look closely, you can see that its 50-day moving average is poised to slip under the 200-day level (A Dead Cross is created when shorter moving average crosses below a longer moving average. This is generally considered a bearish signal ). Amazon is trading at 63Xs 2007 earnings, 46Xs consensus 2008 earnings, 27Xs 2007 free cash flow. With a recession coming, and a weaker consumer, stock price could be well affected. Technically, stock is in a short term Bearish mode. Plus, insider transcations are very active, Jeff Bezos sold 1.85 million shares of Amazon.com in mid-February for $73.21.
BRCM - Stock starts showing ‘buy' signals again. However after recent decline in share price, a good entry point will be only in a break of its 20-day moving average at $20.80 on heavy volume. Stay tuned on her.
Chart courtesy of stockchartsVOL - The stock closed above its 200-day moving average for the first time since March of 2007, with heavy volume. Although the stock didn't perform well last year, we start to see now some signals of rebound as the technical chart shows positive momentum is back, and with MACD back above 0. In addition the 20-day moving average recently crossed on top over 200 day moving average which is a very positive sign. Let's keep an eye on her.
JNPR - Stock confirmed my previous analyze, breaking today the neckline of the Inverted Head & Shoulders pattern. At this point it seems that we have room for $1 run before next resistance at $30.30.
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 great evening !!!
AC
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 great evening !!!
AC
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