Stock Picks For The Week: Yahoo , JA Solar Holdings And Trinity Industries

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

Trinity Industries (TRN) was very strong on Friday as the stock closed up $0.35 with a nice volume. The stock is back at the top of its range and could make a breakout move soon. Resistance is $16.03, which is the high of this range. I’m buyer of TRN once it breaks through this high on a close basis. Keep TRN on your screen throughout the day on Monday.

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

The short bullish momentum of Yahoo (YHOO) continued today. The stock topped at$14.64 and closed at $14.50, up 0.22 cents (+1.54%) on volume of 17M. My model remains long, targeting 15.22 ( 50 dma ). Immediate support is seen at 14.24 area. CCI heading up towards -100 line on daily chart. YHOO can be a good trading stock, so watch it closely on Monday.

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

JA Solar Holdings (JASO) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $3.61. Technical indicators are becoming more favorable with MACD and Stochastics starting to turn up. There could be good upside in this trade, so watch JASO closely next week.

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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