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

« Home | Now I know why the economy is drunk. What a shame ... » | Stock Picks and Trade Ideas for Thursday - RIO and... » | Stock Picks and Trade Ideas for Wednesday - CVS, C... » | Stocks to watch this week - PEGA, PMCS, MSFT » | Japan economy battered by the economic slowdown » | The 20 richest football clubs in the world » | Trade Ideas for Friday - AAPL and FCX » | IMF revised its estimatives again for the world ec... » | Stock Picks and Trade Ideas for Thursday - STEM, B... » | Stock Picks and Trade Ideas for Wednesday - ENER, ... » 

Friday, February 20, 2009 

Stock Picks and Trade Ideas for Friday - CMCSA, CHK, GE

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

GE is in a bearish phase and I have to say that the recent downtrend does not appear be complete. The stock dropped to a new 52-week low in final trading Thursday. Shares ended the day down $0.49, or 4.64 percent, to close at $10.06 on heavy trading. On the chart, the technical indicators remained bearish at Thursday’s close and showed the main trend of the stock was still negative. The stock is still in very weak market as 50 day moving average is still declining and MACD is still below 0. In addition KD also show weak signal, K line is dropping below D line.

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

CMCSA has recovered from its yesterday's low of $11.95. The current rally should at least push the stock to $14 per share where the major resistance is. The stock needs to close above this level to indicate a continuation of the rally. If this rally fails, there’s a new downside risk. Shareholders may remain invested with a stop-loss at 12.58.

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

CHK - The stock is sitting right on its 50 day moving average at $16.37. I consider it to be a good support because it served as an important resistance level twice in the past. However, I note that the daily momentum indicator is displaying bearish divergence, which portends weakening in the bullish momentum. Hold with a stop-loss at $16.37.

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 Folks. See you tomorrow.


Labels: , ,

Bookmark and Share


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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google