Stock Picks And Trade Ideas For The Week Ahead - SIRI, MPEL, LDK, CIEN

Chart courtesy of stockcharts ( click to enlarge )

(CIEN) showed a bullish movement on Friday when it closed the resistance at $18.69 accompanied with a large volume of about 5.5 M shares. The MACD has currently crossed above the signal line indicating a buy. From mid-May to mid-August this year, the stock lost half its value. The stock looks attractive at current levels, considering the good fundamentals of the company.

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(LDK) broke falling price channel resistance on heavy volume last week and continues to work its way higher.

Chart courtesy of stockcharts ( click to enlarge )

(MPEL) - The downtrendline was broken to the upside last week. Nearest resistance for the stock is at $7.99. If this level is crossed and the stock is able to sustain above this level, then it might go to $9. On the downside, the stock has support at $7. The stock is currently in a new uptrend.

Chart courtesy of stockcharts ( click to enlarge )

(SIRI) - This stock has been under a lot of pressure, recently but in the last three sessions the stock reversal its trend. The stock had a very bullish action last week and recovered 20% of the recent downward move. The stock closed at $1.49 on Friday. The price is currently below the 50 day, 50 day and 200 day moving average, a bearish sign. However the short term stochastic signal is showing some positive sign. The stock is currently in a short-term uptrend. It has resistance at $1.52 and then at $1.70. On the downside, it has strong support around $1.26 to $1.29 levels. If these levels are broken, then the trend would become 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.

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