Stock Picks And Trade Ideas For Thursday - JDSU, LVS, CREE, NVDA

Chart courtesy of stockcharts ( click to enlarge )

Nvidia (NVDA) has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $13/share Tuesday on a respectable volume in the face of a collapsing market. This breakout suggests a possible move to fill the gap in the low $18. However there is a strong resistance to break before move to $18 zone, the 50-day moving average at $14.36. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

Cree Inc (CREE) - The stock pulled back to the bottom of the breakout zone before confirming support today.The stock is losing momentum and volumes are also extremely thin. Consider buying when the stock reverses from this support level.

Chart courtesy of stockcharts ( click to enlarge )

Las Vegas Sands (LVS) has good support at $41.27. If it falls below this level, then it can possibly go down to $36. The technical daily chart shows the stock is still weak as it is still trading below 50 day and 200 day moving average while K line is falling below D line.

Chart courtesy of stockcharts ( click to enlarge )

JDS Uniphase (JDSU) is displaying upside momentum and is poised to move higher from these levels. Expect an initial run up to its 200-day moving average at $12.41.

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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