Stock Picks And Trade Ideas For Tuesday - GOOG, SNDK, TRN, AMD

Chart courtesy of stockcharts ( click to enlarge )

Google (GOOG) - From a near term perspective the most obvious level to watch is right now the $442 level. The bulls need to push prices above this level to start making some progress. A failure to take out this level in the next sessions is outright bearish and suggesting a test of key support at the $406 level.

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Advanced Micro Devices (AMD) ruled weak and also breached the crucial stop-loss level at $5.24 (50-day moving average ). The short-term trend has now turned bearish and a drop to Rs $5-5.15 appears likely. Fresh exposures may be avoided. A close below this level could push the stock to $4.50.

Chart courtesy of stockcharts ( click to enlarge )

Trinity Industries (TRN) may find support here at the 200 sma. Any close below this level will extend the losses further.

Chart courtesy of stockcharts ( click to enlarge )

SanDisk (SNDK) looks like it started to break down here. The short-term trend has now turned bearish and a drop to $14 appears likely. Keep an eye on the $14 level for signs of support.

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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