Stock Picks And Trade Ideas For Tuesday - TRN, ESLR, TTEK, SBUX

New York London GMT Tokyo Singapore

Stock Picks And Trade Ideas For Tuesday - TRN, ESLR, TTEK, SBUX

By Antonio Costa on August 5, 2008 | More Posts By Antonio Costa | Author's Website

Chart courtesy of stockcharts ( click to enlarge )

Starbucks (SBUX) - The stock closed below its 20-day simple moving average at $14.49 again. Generally this is a bearish indication. In this new downtrend, the stock may find support at $14 if there is a spurt in volume in the coming sessions. If Starbucks breaks below $14, then we may see this stock going down till $13.33 again. The short-term outlook for the stock is bearish.

Chart courtesy of stockcharts ( click to enlarge )

Tetra Tech (TTEK) - The stock broke resistance with a high volume move on Thursday. Increased volume at the break-out supports the bullish trend. Buy the stock in dips with stop loss at $27.32.

Chart courtesy of stockcharts ( click to enlarge )

Evergreen Solar (ESLR) - The stock has formed a descending triangle pattern, which is a bearish pattern. If the pattern breaks the support at $8.45, then in the short term we can see a downward movement till $8.

Chart courtesy of stockcharts ( click to enlarge )

Trinity Industries (TRN) - The stock is facing continuous resistance at $39. The daily technical chart shows positive sign as the stock is now trading above 50 day moving average with KD rising and MACD now above 0. Recent surge may spur profit taking but for the long term the technical is looking good. TRN is one of my favorite stocks on the wind sector.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.

If you like this article please...

Subscribe by RSS Subscribe by Email

Email This Post To A Friend

Recent News:

Mild Pressure Possible For Singapore Shares - 15 mins ago
Malaysian Stocks May Hold Serve On Monday - 38 mins ago
Little Movement Predicted For South Korean Shares - 1 hr ago
Taiwan CPI On Tap For Monday - 1 hr ago
Bay Street Stocks Rise Slightly, Finish Week Lower - Canadian Commentary - 2 days ago

Opinions From Our Contributors

Commodities Commodity Night Cap: Precious Metals, Grains, Crude Oil Fall On Poor Employment Numbers Oil Prices Plummet Nearly 4% On Bigger-Than-Expected U.S. Job Cuts 4 Reasons To Take A Look At Silver ETFs Natural Gas To Europe - The Great Game 2009 Indian Sensex Up 13.02 Points As Economic Survey Fails To Enthuse Commodity Night Cap: Gold, Silver, Industrial Metals And Oil Rally Strongly Reasons Gold And Silver Could Be Scorching This Summer Commodity Night Cap: Grains, Oil, Natural Gas, Gold All Fall Crude Sinks Following Disappointing Consumer Confidence Number Gold At Important Long Term Level Read More »	Financials Tesco Begged To Shaft Taxpayers By Brown Big Paychecks Back On Wall Street Uncle Sam Just Winked At Citi’s Credit Card Rate Increase The Looming Mc(Mansion) Attack What Companies Will Be Affected By Continuing Job Losses? Option Trader Takes Put Insurance On Consumer Staples ETF Washington Federal Continues To Pay Dividends Company News: Microsoft’s Bing Gains Market Share, Yum! Brands Upgraded To Buy News Briefs: Ten More Charged In Madoff Case, AIG Gets New Board US Markets Rebound Slightly In After Hours Trading Read More »	Exchange Traded Funds ETFs That May Be Affected By Clean Energy Bill Understanding Leveraged ETFs Signs That The ETF Industry Continues To Shift Why Coal ETFs Have Something To Smile About High Yields With Low Risk – Is It Possible With ETFs? The Case For Investing In Water ETFs Bullish Vibes Radiate From Energy Fund 3 Single-Country ETFs You’re Not Hearing About Midday Market Update: Wall Street Ignites On Economic Data Home Price ETF Has Begun Trading Read More »
Stocks Expected Next 30-Day Volatility Is Still Well Above The Non-Crisis Level Hotel Metrics Down, Others Finally Catching On Hitachi Expanding Hybrid Cap Interesting Week Leading Up To Independence Day How To Trade The UK Employment Myth Head And Shoulders: A Parody Indian Markets Up 254.56 Points As Sparing Freight And Passenger Fares Cheer The Markets A Look At How Markets Might Move This Next Quarter Petrobras Banks On Gov’t Support Head And Shoulders And Divergences On Daily S&P 500 Read More »	Forex GBP/USD Breaks Trendline Support Giving A Potential Bearish Clue GBP/USD Breaks Below Daily Moving Average U.S. Dollar Sharply Higher On Unfavorable Payroll Report Will The Budget Deficit Strengthen The US Dollar? Forex Pin Bars: Hammers And Shooting Stars EUR/USD Remains Pressured As Europe/London Head Home Australian Dollar: Bullish Bias Above 1215 Canadian Dollar: The Bias Remains Bullish U.S. Employment Report Creates More Waves EUR/USD Reverses From Our 3rd Tier Downtrend Line Read More »	Economy America: Decline Or Revival? A Clear Picture On The US Debt Situation Your Summer Housing Market Update Is Unemployment Understated? Questions And Answers On California’s IOUs In A Market Collapse, You Want Your Portfolio To Be Focused On Brazil Or Germany, And Not Hong Kong! It’s Doctors And Politics, Not The Market, That Control The Supply Of Doctors Another Ugly Jobs Report Management Strategies For A Jobless Recovery US Job Picture Weaker Than Expected Read More »