Stock Picks And Trade Ideas For Tuesday - AKAM, CYBS, PFE
By Antonio Costa on February 3, 2009 | More Posts By Antonio Costa | Author's Website
Chart courtesy of stockcharts ( click to enlarge )
Pfizer (PFE) - Technically, the stock is still in a downtrend despite the pop in price on today’s session. The resistance levels are now at 15.16 and then at 15.30. It is better to stay at the sideline. Only a close above $15.30 would trigger some positive sentiment. Long positions may be considered on a daily close above this level, with a stop-loss at $14.50.
Chart courtesy of stockcharts ( click to enlarge )
CyberSource (CYBS) - The technical daily chart shows the stock has been on a downward trend in the recent weeks. It staged a reversal on Tuesday of the past week. Further strength above $13.35 opens the door to $15. With MACD above 0 we should see more upside from this stock. Fresh exposure may be considered on a move above 13.09. Put CYBS on your radar.
Chart courtesy of stockcharts ( click to enlarge )
Akamai Technologies (AKAM) has a bullish looking stock chart, price broke out from the horizontal resistance mark around $14 per share on a respectable volume. The stock is displaying upside momentum and is poised to move higher from these levels.
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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