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Wednesday, April 09, 2008 

Stock Picks and Trade Ideas for Wednesday - NTRI, JDSU, Bucy, RIMM

Chart courtesy of stockcharts

RIMM gained momentum in afternoon trading on increased volume and ended the day with a gain of 2.46% to $120.98. The technical chart still shows bullish sign as the stock is now on up trend and MACd is back above 0. Buy point would be on the day it blows through $124.03 on heavy volume. Keep an eye on her.

Chart courtesy of stockcharts

BUCY looks great on both a weekly and daily charts. The good news however is that stock is getting closer to a major break-out, so keep an eye on her for a possible breakout over $114.93. Looking at the daily chart, the stock is still in bull market as 50 day moving average is still above 200 day moving average so any pull back would mean buying opportunity. Stay tuned.

Chart courtesy of stockcharts

JDSU tested the breakout area today and had some nice buying come in to support it.

Chart courtesy of stockcharts

NutriSystem (Nasdaq:NTRI) shares jumped today more than 24% or $3.64 to $18.59 on today sessoin, after the company raised its first-quarter revenue outlook and named its chief operating officer as its chief executive. On the daily charts the traded stock volume was several times larger than usual, showing that the stock could be back to new rally. Now that the stock is above 50 day MA and MACD still above 0 the stock has chance to be back to bull market.

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 day !!!


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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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