Stock Picks for Friday - Ciena and Nvidia
( click to enlarge )The techinal daily chart shows that it is still to early to say that the downtrend has ended. Shares of Nvidia have been trading below both 5 day and 10 day moving average, a very bearish sign in short-term. Negative MACD also indicates that the stock is a sell. Please beware of the KD line which is now at 12 and could signal a buy when it begins to rise.
( click to enlarge )CIEN - The short term rally ended in the middle of september when the uptrend failed to break resistance at $16.50. Since then RF Micro Devices has been losing ground and has lost more than 10% or $1.50. Expect the short-term downtrend to test support at $14.30. Given the current market climate, this scenario is likely. If CIEN breaks this support, the bottom could be around $12.22.
Other Stocks to Watch :
Today's candlestick pattern was a Bullish Engulfing
Today's candlestick pattern was a Bullish Engulfing
COP - ConocoPhillips
TWX - AMERICA ONLINE INC
RNWK - RealNetworks, Inc.
HGG - HHGregg Inc
ARAY - Accuray Inc
RST - Rosetta Stone
Today's candlestick pattern was a Bearish Engulfing
TER - TERADYNE INC
DTV - Directv
AUY - YAMANA GOLD INC
VMED - Virgin Media Inc
SWKS - SKYWORKS SOLUTNS
JNPR - Juniper Networks
SLW - Silver Wheaton
TRV - The Travelers Co
TSO - Tesoro Corp
MFA - Mfa Financial
NVLS - Novellus Systems, Inc.
EOG - EOG Resourses
FDX - FedEx Corporation
DNDN - Dendreon Corporation
PX - PRAXAIR INC
MFE - Network Associates
ILMN - Illumina, Inc.
IBN - Icici Bank Ltd
APOL - Apollo Group, Inc.
SAP - Sap Ag
DNN - Denison Mines
CEPH - Cephalon, Inc.
CS - CREDIT SUISSE GROUP
RY - ROYAL BANK OF CANADA
NTES - Netease.com, Inc.
DVA - DaVita Inc
INFA - Informatica Corp
TWX - AMERICA ONLINE INC
RNWK - RealNetworks, Inc.
HGG - HHGregg Inc
ARAY - Accuray Inc
RST - Rosetta Stone
Today's candlestick pattern was a Bearish Engulfing
TER - TERADYNE INC
DTV - Directv
AUY - YAMANA GOLD INC
VMED - Virgin Media Inc
SWKS - SKYWORKS SOLUTNS
JNPR - Juniper Networks
SLW - Silver Wheaton
TRV - The Travelers Co
TSO - Tesoro Corp
MFA - Mfa Financial
NVLS - Novellus Systems, Inc.
EOG - EOG Resourses
FDX - FedEx Corporation
DNDN - Dendreon Corporation
PX - PRAXAIR INC
MFE - Network Associates
ILMN - Illumina, Inc.
IBN - Icici Bank Ltd
APOL - Apollo Group, Inc.
SAP - Sap Ag
DNN - Denison Mines
CEPH - Cephalon, Inc.
CS - CREDIT SUISSE GROUP
RY - ROYAL BANK OF CANADA
NTES - Netease.com, Inc.
DVA - DaVita Inc
INFA - Informatica Corp
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...
Cheers!
AC
