Stocks Picks For Next Week: True Religion Apparel And Energy Conversion Devices

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

True Religion Apparel (TRLG) - The stock needs to close again above its 200-day moving average on a daily basis in order to mitigate the negative near term view. If the stock fails to move above this level, it can decline to 15 or 14 over the next days. The upside pressure is still there but we have to see a consistent move above 17. At this moment, it would better to abstain from taking any trading positions. Technically, the stock looks somewhat weak as MACD and KD is pointing downwards.

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

Energy Conversion Devices (ENER) - The stock continued its bullish momentum on Friday. ENER topped at 19.49 and closed at 18.71. On the daily chart above we can see that the stock attempted to breakout its major resistance but failed again. A breakout from this sideways zone will give an excellent opportunity for traders to pick up long positions. However, as long as the price still in this area, the bias remains neutral in short term. The techical indicators MACD and Stochastics KD all point to upward trend.

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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