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Friday, February 08, 2008 

Stock to watch closely - CVS,LVS, GOOG

Chart courtesy of stockcharts

GOOG - After plummeting nearly 25 percent in just three months, Google's stock is stabilizing at the current price range $500. The stock has been on a small rally recently with K line on top over D line. The overall stock picture is still weak, with 50 day moving average now below 200 day moving average. At this moment, I am waiting for a high volume day to give the signal that a rebound is coming.

Chart courtesy of stockcharts

LVS - It looks like stock is close to attempting another breakout. If the trend channel is broken, expect a move to resistance at $105.

Chart courtesy of stockcharts

CVS - It broke the downward trend line and went up, pulled back to support where a second buy opportunity presented and it looks like its going to test the 40`s again. So, keep an eye on her for a possible breakout over the $40 mark.

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 !!!


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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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