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Monday, April 07, 2008 

Stocks to watch next week - JDSU, CSCO, PMCS, JNPR, PCLN, JASO

Chart courtesy of stockcharts

JASO had a fantastic week. This stock should run to at least 25 or more. The technical chart looks really bullish as the 50 day moving average is on top of 200 day moving average. The stock rose 16% or 3.28 cents on Friday and should be expected to go much higher based on technical chart on strong MACD and KD, both showing buy signal as MACD is on top of signal line and K line is on top of D line. Next week stay tuned on JASO.

Chart courtesy of stockcharts

PCLN - The stock has a large ascending triangle. The buy point would be when the price breaks $130 on heavy volume.

Chart courtesy of stockcharts

JNPR is at critical support near 24. Stock could go either way depending on how it deals with a major trendline. Indicators are not famous, such as MACD and KD also show sell signal as MACD is below 0 and K line is below D line.

Chart courtesy of stockcharts

PMCS - After the share surge it might be a good time to take some profits, $6.54 is the major resistance and a pull back in share price is very likely. From a pure technical standpoint, the stock has already reached overbought conditions.

Chart courtesy of stockcharts

CSCO - The technical daily chart of CSCO shows not good news for Bulls. Chart displays a very bearish sign as the 50 day moving average has crossed below 200 day moving average around mid January forming the Death Cross, and is still activated. In addition other technical indicators such as MACD and KD also show sell signal as MACD is below signal line and K line is dropping below D line. So, for now there is no signals to enter long on stock.

Chart courtesy of stockcharts

JDSU - The stock has broken out of an ascending triangle pattern and looks bullish. The volume confirmed the breakout, as it was greater than average. This chart tells you that the place to be in JDSU is on the long side, however you should be prepared for possibly backtest of the breakout line around $14.

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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  • 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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