Stock Picks And Trade Ideas For Thursday

Chart courtesy of stockcharts ( click to enlarge )

(POT) - Early in the morning the stock broke resistance and made a new all time high, but had very little follow through. The stock ran up to $229.21 and pulled right back down to $223.10. Watch for a confirmation to enter long again.

Chart courtesy of stockcharts ( click to enlarge )

(MOS) closed at $149.63 above the previous top of $143.32 printed on April. Stock broke out to new highs confirmed by the volume above average. The daily chart of Mosaic suggests a strong confidence in stock, a clear uptrend momentum. Keep an eye on MOS this week, it’s now in a Breakout mode.

Chart courtesy of stockcharts ( click to enlarge )

(FSLR) - The technical daily chart above shows the stock is in a rally as K line is rising on top of D line as the price is back above psychological resistance line at $250. However the stock is still somewhat weak as MACD and signal line are still below 0. Buy point is when the stock moves above $261 on good volume.

Chart courtesy of stockcharts ( click to enlarge )

(T) - Analyst Thomas O Seitz of Lehman Brothers maintains his “overweight” rating on AT&T Inc, while reducing his estimates for the company. The target price has been reduced from $54 to $49. Looking at the daily chart, the stock continues to look bearish as MACD and stochastic daily time frame is still go downwards direction.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.

Posted in Categories: Contributor, External Research, Stocks.

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