Stock Picks And Trade Ideas For Wednesday - CCC, CIEN, MOS

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Stock Picks And Trade Ideas For Wednesday - CCC, CIEN, MOS

By Antonio Costa on September 3, 2008 | More Posts By Antonio Costa | Author's Website

Chart courtesy of stockcharts ( click to enlarge )

Mosaic (MOS) - Stock rallied back to resistance on low volume and broke trendline support. A move to the August lows looks inevitable.

Chart courtesy of stockcharts ( click to enlarge )

Ciena Corp (CIEN) - Chart shows a positive divergence on MFI while price stock moves down. For a bullish trigger back into this stock, look for the price to break above $17.49 on above average volume.

Chart courtesy of stockcharts ( click to enlarge )

Calgon Carbon Corp (CCC) - Shares surged again to a new closing high ( 21.97 ), but finished the session far from the highs of the day, not a good sign for tomorrow. The volume was significantly higher compared with last two days. I expect a pullback in the next couple of days to the 5 day moving average (20.41), or 20.25 at the lowest; that is the previous resistance the stock successfully broke last week.

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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1 Comment :

Comment by John Lee

2008-09-03 05:16:36

MOS and CCC are perfect shorts.

Reply to this comment

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