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Saturday, March 22, 2008 

Stock to watch next week - XMSR, CNXT, JASO, JNPR, AMZN, GOOG

Chart courtesy of stockcharts

GOOG is correcting the entire up-move recorded in November of 2007. The stock is moving in a tight range between $412 and $450. In other words, the stock is trying to stabilize itself around the long-term support. Hold the stock with a stop at $412. Buy point would be on the day it blows through $450 on heavy volume.

Chart courtesy of stockcharts

AMZN - The stock is recovering nicely from its recent decline. Technically in a short uptrend, but hard to intepret the next possible move. From the chart, looks like the next major resistance is at $75.

Chart courtesy of stockcharts

JNPR - Juniper has been in a corrective phase since the beginning of this year along with the rest of the US equities. Looking at the daily chart above, it shows possible new rally as K line has crossed on top over D line. However, we should keep in mind, the stock is still in bear market as MACD and signal line are both below 0. For this reason, it is better to wait and see if the stock can break above its 20-day moving average.

Chart courtesy of stockcharts

JASO - The stock is currently consolidating in a band between $16.33 and $14. The next support on the chart is at $14. Investors can hold the stock with a stop at $14. If this level breaks, the stock could slide lower to $13.32 or even $12.17. Short-term rallies will encounter resistance at $15.77.

Chart courtesy of stockcharts

CNXT confirmed my previous analyse. A closer look at the daily chart it displays a downtrend line broken to the upside with a respectable volume. From here we can expect a run to the $0.57 area and from there we could see an explosive upsurge to $0.78 and better. Stay tuned.

Chart courtesy of stockcharts

XMSR broke downtrend line resistance today with heavy volume. Expect a move to the $13 area in the next days. RSI is pointed up and a positive MACD Cross over has occurred, generating a buy signal.

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 !!!! Happy Easter !!!

AC

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10:03 | |

Wednesday, January 23, 2008 

Stock to watch Thursday - RIMM, TXN, RFMD, XMSR and SIRI

Hello Friends,

I am back from my short break that eased some of my stress and tension of the last trading days. Well, today I will start by analyze the stocks in spotlight in today session, like TXN, XMSR and RFMD.

Chart courtesy of stockcharts

This stock is sitting right around its 200 daily moving average. This stock has some support around the $82 range. Keep an eye on RIMM for a possible breakout over $91.

Chart courtesy of stockcharts

XMSR showed up on a momentum scan and it looks like it wants to push higher after all this consolidation to break through its downtrend line. This move up could be supported by the possibility merger between XMSR-SIRI that has been since a long time discussed, but that should be approved by DoJ and FCC soon. MACD fast line just crossed on top over Slow line again, showing that a possible rally is about to begin, however wait for a confirmation. Stay tuned on XMSR and SIRI.

Chart courtesy of stockcharts

On Tuesday after market close, Texas Instruments announced its Q4 results. Company said that its fourth-quarter profits rose 13 percent and sales reversed a yearlong decline. The company posted net income of $756 million, or 54 cents per share, including a penny per share from a tax gain in the fourth quarter. That compared with $668 million, or 45 cents per share, a year earlier. Looking at the daily chart, stock has broken its downtrend line finally, that has been in place since mid December. Let's see if it could have a follow through tomorrow. Major resistance is now at $30.65.

Chart courtesy of stockcharts

RF Micro Devices shares caught my attention in the last trading sessions. Stock took a big drop since December levels, and is presently trading at levels very lows. It's hard to believe, but share price is now 50% cheaper than was in December and trading in extreme oversold conditions. Anything becomes possible when you reach these levels of oversold, you can see a tremendous spike in stock price or just continue seeing this movement to the downside. I would keep a close eye on the stock to see whether it bounces from this level. If it starts to move above $3 with strong volume, that will be an indication of a bounce. Keep RFMD in your watchlist.

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

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21:06 | |

Friday, December 07, 2007 

Trades Ideas for tomorrow - RMBS, SIRI, XMSR

Chart courtesy of stockcharts

Rambus shares were up today more than 7% to $21.30, after it said the Securities and Exchange Commission has ended its informal investigation into Rambus Inc.'s past stock-option practices. It said the SEC has not recommended any enforcement action. The technical chart shows bullish sign as the stock is now above 50 day MA, with MACD back above 0 and KD still rising. It's very likely that stock will break $21.59 resistance very soon, probably tomorrow. Stay tuned.

Chart courtesy of stockcharts

SIRI - Over the past days we have heard a lot of buzz regarding a possible merger between Sirius and XMSR, bringing volatile for both stocks. If a possible merger occurs this week I wouldn't be surprised, but also can take a lot of time to decide, so you need to be smart and play always defensive to avoid big losses, following always the chart indicators closely. Chart of Sirius looks Bullish, with share price above its 20,50 and 200 dma. A close above $3.70 will push again stock till the top of the rising channel. Volume is decreasing on the selling side, so is likely to see stock moving up from here.

Chart courtesy of stockcharts

XMSR - The technical chart of XM Satellite Radio Holdings shows positive sign as the stock has been on the upside since late August and the stock has been above both 50 day and 200 day moving aveage since August too. In addition with MACD still above 0 and fast line on top of slow line, for now there is no worries on the long side. In the other hand, pay attention on stock for a possible breakout over $16.

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 example.

That's All. Have a nice evening !!!

AC

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00:09 | |

Tuesday, October 09, 2007 

Top picks for tomorrow - SIRI and XMSR

Chart courtesy of stockcharts

I like this chart. It is a bullish chart. XMSR broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next sessions. The daily chart show positive sign as the stock has been on the upside since late August and the stock has been above both 50 day and 200 day moving aveage since September. In addition with MACD still above 0 after broken $15, the stock should go up at this point.

Chart courtesy of stockcharts

SIRI tried to breakout today but finished just under the trendline at $3.58. The technical chart is showing possible buying opportunity as K line is about to cross on top over D line again while MACD is still above 0 showing bull market. If stock clear resistance $3.59 on volume, then the indicators will take care of themselves. Keep an eye for a possible breakout over $3.59.

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

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20:43 | |

Sunday, September 16, 2007 

Stocks in a strong Bullish movement - Yahoo, MCD,SIRI, XMSR, RIMM

Chart courtesy of stockcharts

RUMOURS on the street again !!!
Ebay or Microsoft, I’d like to know which you prefer and why ? Well, forget this question, but it's the commentaries on the floor and in overall forums, everybody talks for a possible takeover. Let's talk now about the daily chart above. Technically speaking after yesterday movement done with an unusual trading for the daily average of the week, stock closed the regular session for the first time since May above its 50 dma, giving us the first confirmed Bullish sign. However if you look closely at the chart, you'll see that the downtrend line has been broken, so guys I have to say "this baby will fly again", it's my opinion based in the chart.

Chart courtesy of stockcharts

RIMM has broken out to all time highs over this week. The chart looks really bullish.

Chart courtesy of stockcharts

This stock has been is on a remarkable run since April and it doesn’t look like the trend will change soon. Over this week broke out again the major resistance of $52.88. MCD looks to go higher here.

Chart courtesy of stockcharts

XMSR - Chart is printing a strong Bullish movement after broken the key area of $13.31. MACD back again above 0 which is a good signal for a long term, however in short term we may see a small pull back, due to the fact that RSI is trading in Overbought conditions.

Chart courtesy of stockcharts

SIRI - On the other hand Sirius is also living a strong momentum but now may find here some resistances to break level. $3.56 is a key resistance for stock however there is other important indicator that is weighting in stock - RSI is too high. Overall I'm Bullish, however more cautions. At these levels I prefer wait to see if this movement will continue.

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

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09:37 | |

Tuesday, January 16, 2007 

XM Satellite and Sirius in focus today

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Will be 2007 the year of the merger between the big players in satellite radio? Most of the Investors and analysts think so.

J.P. Morgan upgraded satellite radio providers XM Satellite Radio and Sirius Satellite Radio, both to "overweight" from "neutral", citing subscriber growth and a possible merger between the two. JP analyst belives that the shares of both companies will be supported ahead due to the potential merger. XMSR was up 0.02 to 17.14$ and SIRI 0.05 or 1% to 4.15$.

The technical chart shows that both stocks are still trading in an uptrend, and the overall indicators are showing a clear Bullish signals.

XMSR - 50 dma is now on top of 200 dma - Bull mode

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.

Thta's All. Have a nice evening !!!

AC

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20:10 | |

Wednesday, January 10, 2007 

XM Satellite Radio shares surged nearly 10%

Chart courtesy of stockcharts

XMSR stock rose 10% to 16.65$ after received a positive note from Citigroup analyst Eileen Furukawa that lifted her 12 month price target on XM Satellite Radio to $21 from 16$.
This upgrade was based in the increasing numbers of customers who buy cars and trucks equipped with XM radios that perhaps sign up the service, also she added the possibility of a merger with rival Sirius Satellite Radio probably during this year. She maintained her buy rating on XM shares.
As I have mentioned in my commentary during the post of the weekend, XMSR still trading in an uptrend, showing strength when moves up. The technical chart looks Bullish with MACD again back above 0, RSI is rising in the Bullish territory and stock price trading above 20,50 and 200 dma.

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


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21:09 | |

Saturday, January 06, 2007 

XM Satellite Radio Holdings Inc. and Google Inc.

Chart courtesy of stockcharts

GOOG has broken out downtrend line on good volume during this week. In the daily charts Indicators are showing that stock is now in a Bull Market with MACD back again above 0 and stock trading again above 50 dma and 200 dma. This Leader could be a tone for Nasdaq to go up.

Chart courtesy of stockcharts

On the other side, XMSR edged up 2.27% pct to 15.32$ and said Friday it added about 1.7 million new subscribers during 2006 but ended the year with fewer total customers than it predicted it would have in November. In the daily chart we can see that the stock price still trading above 200 dma in an uptrend. Take a look at the volume, increase in up days.

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


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22:34 | |

Friday, December 15, 2006 

XM Satellite Radio Holdings on the move

Chart courtesy of stockcharts

Shares of XMSR rose nearly 5% to 15.81$ today and SIRI rose nearly 3% after some stimulating comments from Lehman that put investors very happy and actives in both stocks.
Today Lehman came out and said that XM is worth 45 dollars a share if they merged with Sirius, or that Sirius was worth about 9,50 dollars if they were acquired by XM. Too see the article click here.
Lehman Just Admitted that XM and Sirius are Undervalued taking the actual share price in consideration for a possible merger, it's my opinion. Looking at the charts XMSR has broken out an important resistance $15 with respectable volume and closed above the 200 dma for the first time since 2005, so many reasons to be Bullish in the stock now, perhaps after these comments we'll see many pressure in the stock to move 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. Have a nice weekend !!!!

AC

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22:42 | |

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  • 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.

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