Stock Picks and Trade Ideas for Friday - CSIQ, SIRI, YHOO, RIMM
By Antonio Costa on June 27, 2008 | More Posts By Antonio Costa | Author's WebsiteChart courtesy of stockcharts ( click to enlarge )
Research In Motion (RIMM) - Looking at the daily chart above, the stock broke out the upward channel today which may implement resistance at $120. The technical indicators MACD, RSI and KD all point to downward trend.
Chart courtesy of stockcharts ( click to enlarge )
Yahoo (YHOO) - Consolidation? Volume reducing on the way down. On watch.
Chart courtesy of stockcharts ( click to enlarge )
Sirius Satellite Radio (SIRI) - Not a pretty picture. In downtrend mode.
Chart courtesy of stockcharts ( click to enlarge )
Canadian Solar’s (CSIQ) chart looks very interesting here. After the big move up last week, the stock filled the gap from the previous high on much lower volume. Now, stock needs to sustain above $42.50 to make a move to its recent high of $51.80. Nevertheless, I would like to point out that the MACD fast line crossed below the MACD slow line and the macd histogram was decreasing for 5 days, this is not a good signal, so stay tuned on it.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: Canada, Contributor, External Research, Stocks.
Day Of Reckoning For California
How To Capitalize On Golden Outlook For Gold Miners ETF
US Jobless Situation And Its Effect On China: When America Sneezes…
Monthly Elliott And Fibonacci Analysis Of India’s Nifty
Has The Humungous Bank & Broker Lost It’s Trading Edge?
Nikkei Down By Over 1.5% As Stocks Tumble On Selling Pressure - 28 mins ago
Australia June Job Ads Down 6.7% On Month - 1 hr ago
*Australia Total Job Ads -6.7% On Month In June - 1 hr ago
Australian Market Trades Weak; Resource Stocks Decline - 1 hr ago
Lower Open Predicted For Indonesia Shares - 1 hr ago






