-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Top picks for next week - Yahoo, Google, Bidu, Amazon » | Trade Ideas for Friday - JASO, YHOO,NVDA » | Top picks for Wednesday NVDA, RMBS and ADBE » | Trade Ideas for Tuesday - BIDU,AMZN,YHOO » | Stocks in a strong Bullish movement - Yahoo, MCD,S... » | Stocks in Focus early in the morning » | Trade Ideas for Friday - BIDU, Research in Motion,... » | Trade Ideas for Thursday - Electronic Arts, AAPLE,... » | Trade Ideas for Wednesday - GRMN , ARNA , SIRI , NOK » | Solar power plane » 

Monday, September 24, 2007 

VRSN- Ready to move, EMC - Breakout

Chart courtesy of stockcharts

Looking at the technical chart, stock show a continuation of the uptrend formed in August. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0 and K line on top of D line. The momentum in the last two months has been great on Verisign, stock came from $28 to above 34$ and now maybe ready to move up again, with a possible break of the ascending traingle. So, keep an eye on VRSN for a possible breakout over $34.

Chart courtesy of stockcharts

Shares of EMC were up today more than 7% to $20.51 after it was upgraded to "outperform" by Bear Stearns and to "buy" by Citigroup due to the performance of virtualization subsidiary VMware. Stock has broken out a tight consolidation area today and made a new 52 week high during regular session, stock opened ways for new highs.

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 great evening !!!


Labels: ,

Bookmark and Share


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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google