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Tuesday, April 01, 2008 

Stocks to keep an eye on Wednesday - AAPL, RFMD, ERTS, NVDA

Chart courtesy of stockcharts

NVDA may finally have bottomed. A closer look at the daily chart it displays a downtrend line broken to the upside with a considerable volume. From here we can expect a run to the $22.10. The short term trend still looks positive as the stock is still above 20-day moving average. NVDA looks like it is gaining steam again. Now, I'm Bullish on stock.

Chart courtesy of stockcharts

ERTS - On the technical side, the chart looks very good here. The stock broke through $50 resistance today, and is trading above all of two major moving averages. The MACD is positive and rising, and the RSI is over 50 and also rising. The next resistance point would be at $52.60 ( 200-day moving average ).

Chart courtesy of stockcharts

RFMD - I believe this stock has already bottomed at $2.52 and a new uptrend should be on the way. Stock closed at $2.86 above of its 20-day moving average, generally considered a Buy signal. From the six month technical chart we can see that the buyers came back today, with volume picking up and good strength throughout the entire session. First Target $3.07.

Chart courtesy of stockcharts

AAPL - The stock should find resistance in the $150. Wait for a breakout before considering new bullish positions, however the technical chart shows the stock is on a rally as MACD in early to mid February top out the signal line and K line is also rising on top of D line showing buy signal. Keep an eye on AAPL for a possible breakout over $150.

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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Hi AC,
finally a good day.
RFMD was the STOCK on my porfolio and will be the stock for tomorrow market

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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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