HOT Breakout Stocks For Friday: Dell And Ciena

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

Dell (DELL) made a nice move today, but the volume could have been better. The stock broke out from a very bullish looking ascending triangle formation Thursday on increased volume signaling that this stock could make a big move into Friday. I think this stock could easily make another 15% move from here. From the technical chart KD line shows positive signals as K line is rising on top over D line, and RSI continue moving up. Another thing I would like to point out was the unusual call options activity in Dell over the day. I want to go long in the morning Friday. DELL is now a stock in a Breakout mode.

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

Ciena (CIEN) was one of the few strong network stocks on Thursday, as the stock was up $0.82 on 2x normal daily volume. The stock broke out of a one-month range, hitting a high of $12.83. That’s a powerful sign that high prices are likely to persist. Long positions may be considered on price weakness. $12.83 is now resistance for tomorrow. Keep a close eye on CIEN, because it will move quickly as it breaks resistance. Technically the stock is in a Breakout mode.

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.

Subscribe by RSS Subscribe by Email