Stock Picks And Trade Ideas For Tuesday - GET, SLB, SQNM

Chart courtesy of www.stockcharts.com ( click to enlarge )

Sequenom (SQNM) - From the technical chart both MACD and KD are showing bullish sign as MACD is rising near 0 while KD is crossing up again. The stock might test $21 level in the short term if it is able to sustain above $19 .

Chart courtesy of www.stockcharts.com ( click to enlarge )

Schlumberger Limited (SLB) has been trying to bottom for a couple of days now. There have been some pretty bullish candles forming and it seems to me like it is ready to turn up. If not, at least there is a clear area to put in a stop and scratch the trade. Hold it with a stop loss around $40 area. For people who is out, the buy point will be on the day it blows through $44.24 on heavy volume.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Gaylord Entertainment (GET) has rallied strongly off of the November Lows. On a short-term basis, the stock is fighting with the 12.58 level, I expect a breakout at any moment on a close basis. In addition, we can see that the relative index is starting to perk up, which supports the thesis for higher prices. Remain invested with a stop loss at $9.38.

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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