Stock Picks For Tuesday: Rambus, China-Biotics And Advanced Micro Devices

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

AMD (AMD) - There has been a persistent decline in this stock since the begin of August. With stock trading below 50 day and 13 day moving average with MACD below 0, it is still in weak bear market so do wait for uptrend coming back before buying the stock.The stock needs to close above $3.67 in order to alleviate the negative near term view. If the stock fails to move above this level, it can decline to $3.40 area.

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

China-Biotics (CHBT) stock broke out on pretty good volume. If this chart does what is supposed to do, the stock will definitely be going higher in the coming days. At this stage, there is no reason to sell the stock. Hold with a stop-loss at $11.09.

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

Rambus (RMBS) has lost some of its Friday gains, but even with this sharp drop in the stock price the chart looking pretty good. The stock failed to maintain bullish momentum today. The stock attempted to push higher, topped at 17.70 but closed lower at 16.86. This upside failure should keep the major bullish scenario intact. Only a consistent move below 16.44 ( 13-dma ) could trigger further bearish corrections. Immediate support is seen at 16.44 followed by 16.28. Initial resistance at 17.70 (today’s high) followed by 17.85. Rambus still looks very strong with both 50 day and 200 day moving average going up while MACD is above 0 and K line is on top of D line. I still think it is going to 20 very soon. Good luck to all.

Other Stocks to Watch :

Annaly Capital Management - NLY ( Oversold )
Mercantile Bancorp,Inc - MBR ( Oversold )
NTELOS Holdings Corp. - NTLS ( Oversold )
SkyWest Inc. - SKYW ( Overbought )
Goldleaf Financial Solutions, Inc. - GFSI ( Overbought )
RG Barry Corp. - DFZ ( Overbought )
Synergetics USA, Inc. - SURG ( Overbought )
Rosetta Stone Inc. - RST (Record Price Low )
Energy Conversion Devices, Inc. - ENER ( Trending down )
Force Protection, Inc. - FRPT ( Insider Buying)
Inspire Pharmaceuticals, Inc. - ISPH ( Insider Buying)
MannKind Corporation - MNKD ( Insider Buying)
Allis-Chalmers Energy Inc. - ALY ( Insider Buying)
Ball Corporation - BLL ( Insider selling )
Lumber Liquidators, Inc. - LL ( Insider selling )
Essa Bancorp, Inc. - ESSA ( Insider selling )
JetBlue Airways Corporation - JBLU ( Insider selling )
GE Energy Corp. - OGE ( Insider selling )
Amcol International Corp. - ACO ( Insider selling )

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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