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

« Home | Stock Picks and Trade Ideas for Friday - NOVL, RFM... » | Stock Picks and Trade Ideas for Wednesday - RMBS, ... » | Stock Picks and Trade Ideas for Tuesday - CREE, GO... » | Download videos from YouTube » | Stock Picks and Trade Ideas for the week ahead - A... » | Fears of recession hit stock markets worldwide » | Stock Picks and Trade Ideas for Thursday - COGT, B... » | Stock Picks and Trade Ideas for Wednesday - HPQ, J... » | Stock Picks and Trade Ideas for Tuesday - BAC, C ,... » | Japan technically in Recession » 

Sunday, November 30, 2008 

Stock Picks and Trade Ideas for the week ahead - DLTR, AAPL, FSLR, ADP

Chart courtesy of www.stockcharts.com ( click to enlarge )

ADP - Traders should be cautious at current levels. Initiate long position when the stock breaches $41.66. From the technical chart it looks like the slide has ended and the stock is now back on the rise again with K line on top over D line and MACD above the sell line. Fresh buying may be considered on a move past $41.66, with a stop-loss at $39.12.

Chart courtesy of www.stockcharts.com ( click to enlarge )

FSLR - After a sharp upward move, I think the stock will start a new corrective phase. Although KD show positive sign with K line rising on top of D line, this is not yet the time to buy as the stock is still weak as 50 and 200 day moving averages are still falling and the stock is still on downtrend. The stock is likely to seek lower levels in the coming week. A drop to the $120-118 range appears likely while a close below $117 could lead to a much more prolonged corrective phase.

Chart courtesy of www.stockcharts.com ( click to enlarge )

AAPL is still finding it difficult to move above its 20-day moving average. Fresh buy should be initiated only when the stock moves above this line of resistance now at $94.62.

Chart courtesy of www.stockcharts.com ( click to enlarge )

DLTR - The stock broke out this week on pretty good volume. If this chart does what is supposed to do, it will be going higher in the weeks to come. At the moment, there is no reason to sell the stock. Hold with a stop-loss at $40.

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. See you Monday !!

AC

Labels: , , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google