Stock Picks And Trade Ideas For Thursday - AAPL,CSIQ, AMD, YHOO

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Shares of Yahoo [[yhoo]] surged today after having been reported by the Wall Street Journal that Microsoft may once again approaching the company with the aim of the purchase. This source reported today that Microsoft [[msft]] approached the company ” media ” to try to” break ” Yahoo. The largest software in the world have had conversations with Time Warner, the News Corp., among others, according to the newspaper which quoted unidentified sources close to the process. The report notes that the chief executive of Microsoft, Steve Ballmer, refuses to leave the business that more than tripled the company’s position in the Internet search engines.

As previously mentioned here several times, Microsoft needs more Yahoo than Yahoo needs Microsoft. Sooner than later we will have a happy ending. If MSFT really wants to bet Google, then there is no other way than to bid for Yahoo search businesses- this is the most logical strategy. I still didn’t understand, why this issue is taking too long time to be solved, if Microsoft really wants to buy Yahoo, they should do it as soon as possible to avoid the continous increase of market share by Google. From a technical perspective, there is no magical form to analyse this stock due to all this environment; better to hold on the long positions or make tight short positions.

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Advanced Micro Devices (AMD) - After falling 21 cents since yesterday, the stock is now trading near its major support level of $5.31. Any drop below this value would be extremely negative for stock. Keep an eye on it.

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Canadian Solar (CSIQ) - The stock has broken the support and gave a sell signal. If the stock is unable to overcome this level again, it can head lower to $30 and then to $28.45 again.

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Apple (AAPL) - The stock failed to break through its 20-day moving average for the fifth time, and may be close to reversing course here in the short term. I think if AAPLE fails to move above this level again tomorrow, we’ll probably see a pullback to its 200-day moving average in the very short term.

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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