Stock Picks And Trade Ideas For Tuesday - JAVA, AAPL, APOL, MRVL

Chart courtesy of stockcharts ( click to enlarge )

Marvell Technology Group (MRVL) formed a falling price channel correction over the last two weeks and a move above $16.20 would be bullish. The technical chart shows possibility of new rally as the stock bounced up after dropping back to 200 day moving average. In addition K line has just crossed on top over D line showing buy signal as ROC is at oversold level. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

Apollo Group (APOL) rallied early in July and then consolidated. Watch $56 up and $52 down. Important note to consider : K line is falling below D line, generally a bearish signal.

Chart courtesy of stockcharts ( click to enlarge )

Apple (AAPL) - Buy the stock only when it moves beyond the resistance level of $180.26 on a close basis ( 50-day moving average ).

Chart courtesy of stockcharts ( click to enlarge )

Sun Microsystems (JAVA) - Daily chart above shows that it is still to early to say that the downtrend has ended. According to the technical chart, shares of Sun Microsystems have been trading below both 50 day and 200 day moving average, a very bearish sign. Negative MACD also indicates that the stock is a sell. Please beware of the KD line which is now at 14 and could signal a buy when it begins to rise.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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