Stock Picks And Trade Ideas For Friday - TRN, GOOG, RIMM

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Stock Picks And Trade Ideas For Friday - TRN, GOOG, RIMM

By Antonio Costa on August 29, 2008 | More Posts By Antonio Costa | Author's Website

Chart courtesy of stockcharts ( click to enlarge )

Research In Motion (RIMM) is losing momentum and the daily relative strength index has entered the neutral region from the bullish zone. Investors may hold with a stop-loss at $125. Only a close above $131 would negate the short term bearish outlook.

Chart courtesy of stockcharts ( click to enlarge )

Google (GOOG) declined to a support zone and upside volume is starting to pick up - watch resistance at $480.

Chart courtesy of stockcharts ( click to enlarge )

Trinity Industries (TRN) broke falling wedge resistance with a surge in volume. The technical chart shows the stock is now back to uptrend and with K line above D line and RSI above 50 we may see more upside.

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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Posted in Categories: Contributor, External Research, Stocks, USA.

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