Stock Picks and Trade Ideas for Friday - Intel and Metavante Technologies
Chart courtesy of www.stockcharts.com ( click to enlarge )INTC - Intel shares have been in a steady downtrend since November highs around $16/share in late 08. The stock closed at 14.52 on Thursday. The technical daily chart shows the stock is in a rally as K line is continuously rising above D line. However we can see the minor trend line resistance still doing a good job so far. A breakout to the upside could trigger further bullish momentum towards 16 area. We need some significant market catalyst to determine whether this bullish reversal scenario is valid or not. The bias is bullish in nearest term but remains neutral in long term view. Immediate resistance is at 14.60 (today’s high). Initial support at 14. Let's keep an eye on Intel.
Chart courtesy of www.stockcharts.com ( click to enlarge )MV had a strong day and broke through its resistance line. The volume confirmed the breakout, as it was greater than average. The technical daily chart shows very strong upward momentum as the stock is above the 50 day moving average with both 20 day and 50 day moving average going up. In addition KD and MACD also show very bullish sign. The current rally should at least push the stock to $18.95 per share where the 200 day moving average is.
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 tomorrow !!!
AC
