Stock Picks And Trade Ideas For Friday - GOOG, LDK, FSLR, RMBS, AAPL

Chart courtesy of stockcharts ( click to enlarge )

Apple (AAPL) is sitting under resistance at $180.91. The stock needs to break this resistance or will revisit the $165 area soon. Watch for high volume and relative strength/weakness before you jump on board.

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The activity in Rambus [[rmbs]] options has been heavy in recent days. It appears that investors are positioning for a move higher, possibly in anticipation of a favorable court ruling regarding an injunction against Hynix Semiconductor. There are a lot of people buying calls, betting that the injunction decision will be a positive for the stock. As I mentioned here several times, I still holding my long position waiting for the final veredict.

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First Solar (FSLR) surged to trendline resistance with good volume and a break above $282 on a close basis would be quite bullish. However at this time the stock is still trading below both 50 day and 200 day moving average showing weakness on the stock. In addition, falling MACD below 0, also indicates bearish trend. The only possible positive indicator that chart shows is KD which still rising.

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LDK Solar (LDK) was just one small step of closing back above the $35 prior support, now resistance level. Volume was above average yesterday. The buy point is when price clears the resistance line and volume expands to take the stock higher.

Chart courtesy of stockcharts ( click to enlarge )

Google (GOOG) rallied back to resistance on low volume, formed a bearish engulfing and broke trendline support. Looking at the daily chart above there is nothing positive, except KD which is now rising. All other indicators still point to a bear market and a possible move down.

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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