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Tuesday, April 10, 2007 

AMAT ready to break out !!!

Chart courtesy of stockcharts

Applied Materials Inc was upgraded today by Banc of America analysts to "buy" from "neutral".
Stock have reacted very well to this news, shares rose more than 4% to 19.41$, and it's now ready to break out the resistance at 19.73$, today volume was significantly higher which could predict this scenario. Keep an eye an AMAT.

Chart courtesy of stockcharts

Shares of Vodafone Group rose more than 1% today closing at 27.37$ after analysts of Bear Stearns upgrade the stock to "peer perform" from "underperform". Looking at the chart the stock still trading above 200 dma, which is a good signal, however since February stock inverted the trend. The resistance is now at 28$ near the 50 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 !!!


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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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