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Monday, October 12, 2009 

Hot stocks for Tuesday - Energy Conversion Devices and Rambus

( click to enlarge )

RMBS is one of the hottest stocks in the market right now. The stock is looking good and looks set to break into new highs, but if prices pullback, the $18.30 level is a possible area for them to be supported at. All indicators still point to a bull market. The technical daily chart above shows the stock is now in a very strong upward momentum as both 50 day and 200 day moving averages are going up along with the stock. MACD and KD also shows the stock is currently in a bull market. For now the trend is still up.

( click to enlarge )

ENER shares surged today amid takeover speculation. The stock closed at 12.52, up 14.97 per cent, with volumes of 11.8 million shares. Looking at the daily chart it displays a downtrend line broken to the upside with a heavy volume. In addition, the MACD has just cut above its signal line. +DI is above –DI and ADX is beginning to bottom out. Keep this on your watchlist because the overall market sentiment on ENER is pretty bullish right now.

Other Stocks to Watch :

Today's candlestick pattern was a Bullish Engulfing

BPOP - Popular, Inc.
GNVC - GenVec Inc
FMCN - Focus Media Hldg
BPSG - Broadpt Glcr Sec
VTSS - Vitesse Semiconductor
UEC - Uranium Energy Corp
ADPT - Adaptec, Inc.
VARI - Varian, Inc.

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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