Stock Picks For Friday: Sirius XM Radio, Capstone Turbine Corp And CAI International Inc

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

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio, surged for the fifth day by adding 15% or 0.06 cents to $0.455 per share. A closer look at the daily chart it displays a downtrend line broken to the upside with huge volume. From here we can expect a run to the $0.555 area and from there we could see an explosive upsurge to $0.631 and better. The MACD indicator is now above its signal line and is indicating further strength. In addition, the ADX is increasing and is above 20 level which shows a strong trend is developing. The RSI indicator is moving up above 50 and the +DI is greater than the -DI by a great margin, indicating a Bullish trend. Further rally is still in favor next week and target is at 0.55-0.63 area.

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

Capstone Turbine Corp (CPST) - The technical daily chart above shows possible new rally as K line has crossed on top over D line while ROC is still at oversold level. In addtion the price is back above 50 day moving average. I’m still bullish on Capstone Turbine Corp.

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

CAI International Inc (CPA) recorded a new high in the last trading session. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $38.67. I’ll be watching her carefully for any possible opportunities.

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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