Stock Picks For Next Week: Euronet Worldwide, Genoptix And Ciena

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

Ciena (CIEN) - Stock starts showing ‘buy’ signals again. The chart of Ciena is now much improved after Friday’s action. The MACD has reversed again the course and stock finally closed above its 50-day moving average, usually this is a Bullish signal. In addition stochastics are showing high oversold conditions, which may bring some buyers back. I would look for a move up to $11.20 resistance soon. If it passes that, then we have room to run to next resistance at $12.51.

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

Genoptix (GXDX) closed above its 200-day moving average for the first time since February, with heavy volume. We start to see now some signals of rebound as the technical chart shows positive momentum is back. In addition the 20-day moving average recently crossed on top over 50 day moving average which is a very positive sign. Let’s keep an eye on GXDX.

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

Euronet Worldwide (EEFT) broke out on Friday of a short consolidation phase. Volume was strong on signaling that this move should hold. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. The stock is in a strong bull market with both 50 day and 200 day moving average going up, however in overbought conditions. I won’t be surprise if EEFT reaches new highs on Monday, because indicators are extremely Bullish. Keep an eye on it.

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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