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.

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