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

« Home | Stocks to watch on Monday - PMCS, Citigroup, Goldm... » | Stocks to watch tomorrow : BUCY, GOOG, FSLR, CNXT, » | Stocks in Focus in the afternoon » | Stock to watch Thursday - RIMM, TXN, RFMD, XMSR an... » | Be patient and keep calm » | Stock to watch next week - RIMM, GOOG , CNXT, ADCT... » | Trade Ideas for Friday - GOOG, APOL ,CNXT, AMGN, CSUN » | What a confusion.......... » | Trade Ideas for tomorrow - SOHU,CY,VMW, RFMD » | Stock to watch tomorrow - JASO, GOOG, CF,INTC » 

Monday, January 28, 2008 

Trade Idea for Tuesday - GOOG, MEDX , FSLR

Chart courtesy of stockcharts

GOOG - The stock closed below its 200-day moving average of $570. The next level of interest to watch on the downside is recent support around $550. Looking at the daily chart, stock is trading below major moving averages. In addition MACD is below 0 and RSI below 50 showing the stock is in bear market. The only positive indicator is KD, where K line is on top of D line which could mean that the selling pressure is decreasing.

Chart courtesy of stockcharts

FSLR - First Solar ended the session with a strong gain, + $5.72 per share to $177. This stock has formed a symmetrical triangle pattern in the chart above. Theory is, when price breaks outside of the pattern and if accompanied by increasing volume, there is a high probability that the future price will trend in the direction of the breakout. Keep an eye on her, because the breakout will occur soon.

Chart courtesy of stockcharts

MEDX - Medatex has been trading in a downtrend channel over the last 6 months. In my point of view, there is no need to rush out to buy Medarex shares. Stock needs to break out and close above the $10 neckline resistance point, on higher than average volume.

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 !!!


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