Stocks to watch next week - Canadian Solar, Hewlett-Packard and Amgen
Chart courtesy of www.stockcharts.com ( click to enlarge )AMGN - The break of the 50-day moving average with heavy volume should be the next buy point on Amgen. The technical daily chart above shows the momentum indicators have turned up and the RSI is on the rise. Although both 50 day and 200 day moving average are showing weakness, KD line is indicating upward swing. For the short term the stock should still continue to go up. A close above 50.05 would have positive implications and could push the stock to the 51-52 range.
Chart courtesy of www.stockcharts.com ( click to enlarge )HPQ is holding above the 13-day moving average at $34.81. Short-term investors can hold the stock as long as it trades above this support. Any close below this level would indicate that this current rally may be near the end.
Chart courtesy of www.stockcharts.com ( click to enlarge )CSIQ - The near-term trend is bearish and the stock faces resistance at 6.10-6.39. A close above this range is a pre-requisite for the reversal of the bearish trend. Technically, the daily chart shows possible new rally as K line has crossed on top over D line while ROC is still at oversold level. However it is better to wait and see if the stock can break above its 13 day moving average.
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 on Monday !!!
AC
That's all Folks. See you on Monday !!!
AC
