Stock Picks And Trade Ideas For Friday - TLAB, SCMR, FSLR

Chart courtesy of stockcharts ( click to enlarge )

First Solar (FSLR) - The stock has moved up in line with earlier recommendation. The stock has penetrated an important resistance line, which has been touched no fewer than four times since last month. Unless it reverses practically immediately, there is a chance the stock could really rally from here. RSI is back above 50. MACD has made a bullish crossover.

Chart courtesy of stockcharts ( click to enlarge )

Sycamore Networks (SCMR) is displaying a short upside momentum and is poised to move higher from these levels. Expect an initial run up to its 50-day moving average at $2.69.

Chart courtesy of stockcharts ( click to enlarge )

Tellabs (TLAB) -After moving closer to the target zone of 4.50 over the past week, the stock turned weak and lost some momentum. The overall outlook continues to remain neutral to bullish, but RSI and MACD are both showing bearish divergences to the price, and MACD has made a second bearish crossover. Short-term traders could go long once the share price moves above 4.25.

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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