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Monday, March 15, 2010 

AC Investor trade Ideas for Tuesday Mar 16

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Although some indicators are weak resulting from today's retracement, the 13-day moving average suggests that this could be an excellent buying opportunity before the next big move. The bounce from 3.10 seems to be a valid buy signal.

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GE looks like it broke an ascending triangle and could go to $20. Volume confirms. Momentum indicators looking good. Buy as close to 17.10 as possible.

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XNPT had a strong day on Monday after Wedbush Reiterates an 'Outperform' Rating on XenoPort. The stock was up $0.91 on the day and could make another move on Tuesday. I'm buyer of XNPT once it breaks through $9.48, which was today's high.

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 !!!


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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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