Stock Picks For Wednesday: Optimer Pharmaceuticals And RehabCare Group

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Stock Picks For Wednesday: Optimer Pharmaceuticals And RehabCare Group

By Antonio Costa on July 1, 2009 | More Posts By Antonio Costa | Author's Website

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

Optimer Pharmaceuticals (OPTR) broke out today on a nice volume. If this chart does what is supposed to do, it will be going higher in the days to come. Technically, the stock is in a strong Bull Market with share price above 20, 50 and 200 daily moving averages. Let’s see if tomorrow the stock will confirm the breakout. Short-term investors can buy with a stop at $14 and long-term investors can hold with a stop at $13.18. Let’s keep an eye on her as i think momentum will pick up.

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

RehabCare Group (RHB) recorded a new high in the last trading session. Short-term outlook for the stock is bullish. If in the next sessions new highs don’t happen, I expect to see a decline due to the overbought conditions. On contrary, new fresh exposures on RHB should be made only when the stock move above 24.52. Stay tuned !!

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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