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Thursday, August 06, 2009 

US Hot stocks for Friday - Crocs and Akamai Technologies

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

CROX released earnings after the close on Thursday, giving the stock fuel to trade higher in late trading. The stock should gap up on Friday. CROX has been in a severe downtrend the past few months, so any good news can only help the stock to reverse the long trend. I'm using Thursday’s high of $4.54 for resistance. A close above this level would have positive implications and propel the stock into the next leg of the bullish trend.

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

AKAM is picking up momentum and could make a good upside soon. Although the stock didn't perform well in July, I start to see some signals of rebound. Resistance reflects Wednesday’s high of $18.30 for the next move. The stock is back above 200 day moving average showing positive momentum. In addition, the rising KD shows the stock is probably now in recovery mode. If the tech market bounces on Friday, watch AKAM closely.

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 !!


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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.

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