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Saturday, December 15, 2007 

A good look ahead at stocks to watch next week

Chart courtesy of stockcharts

FSLR is probably the best acting stock in the Solar sector right now. She's incredibly extended but no one seems to care. Looking at the chart above 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. It looks like FSLR is setting up nicely to break into all time highs. So, next week keep an eye on her.

Chart courtesy of stockcharts

Evergreen Solar setup nicely this week making a new 52 week high at $17.75. ESLR still printing in the daily chart a nice uptrend line, and chart is showing strong Bullish indications, however at this level is likely to see some profit taking due to the fact that stock have reached overbought conditions, and normally at this technical point, the selling pressure increases. UBS Analyst on Friday Initiates at 'Buy' on stock, citing potential growth. Stay tuned on ESLR.

Chart courtesy of stockcharts

RMBS - Nice movement on Friday in a bad day for overall markets. I'm still convinced that we'll see this stock breakout soon. One important factor for stock is that Sony PS3 gains market share last month. The Sony PS3 is now at 21%, up from 12% in October in terms of new generation game console market share. According to NPD Group Inc. numbers the sales of the PS3 almost quadrupled in November. The Wii market share fell from 52% to 44% in November. 466,000 Sony PS3 consoles have been sold in November. With this numbers out, we can predict good sales for rambus related with PS3.

Chart courtesy of stockcharts

Goldman Sachs said on Friday that Citigroup Inc's bonds were poised to outperform after its debt rating was cut and it unveiled a plan to rescue $49 billion of off-balance sheet investments. The stock lost more than 1% anyway. Prices are again close to test the low of $29.75.

Chart courtesy of stockcharts

One vice president after another drops off the senior management rolls at the Internet giant. Next to go are VP of Media Engineering Bharath Kadaba and Rachel Glaser, a senior vice president of operations finance. A very long series of negative closes for Yahoo. MACD prints a positive divergence and also the Money Flow. Close to the $22 low printed at the end of August. A retest is to be taken into account here.

Citigroup and Yahoo analyses were brought to you by my friend Paolo of Short-termtrading.

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 !!!


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Antonio, I am out of town. thanks for the link, when I go back I will work on it. On tuesday.

Are you registerd with technorati?

good job with your blog.

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  • 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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