Stock Picks For Wednesday: JDS Uniphase And Melco Crown Entertainment

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Stock Picks For Wednesday: JDS Uniphase And Melco Crown Entertainment

By Antonio Costa on September 16, 2009 | More Posts By Antonio Costa | Author's Website

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Melco Crown Entertainment (MPEL) - The stock reversed direction at 7.73 on Tuesday after making a new 52 week high. A strong trend would not be in place unless the stock closes above this level. Long-term investors who have entered at lower levels may take partial profits and have a stop-loss at $7 for the rest. Shareholders who prefer higher risks may hold with a stop-loss at $6.6. Fresh exposures may be considered on price weakness. A close above $7.73 may be used to enhance exposures. Stay tuned on MPEL.

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JDS Uniphase (JDSU) - There appears to be marginal downside risk on JDSU from prevailing levels. The near-term trend is bullish and a move to the 8.30-8.40 range appears likely. The overall trend appears really positive.

Other Stocks to Watch :

EGO - Eldorado Gold Corp ( Bullish Engulfing )
VRSN - VeriSign, Inc. ( Bullish Engulfing )
ME - Mariner Energy Inc ( Bullish Engulfing )
GTN - Gray Television Inc ( Bullish Engulfing )
MCHP - Microchip Technology ( Bullish Engulfing )
DVA - DaVita Inc ( Bullish Engulfing )
HRS - HARRIS CORP ( Bullish Engulfing )
SVM - Silvercorp Metal ( Bullish Engulfing )
HW - Headwaters Inc ( Bullish Engulfing )
SAPE - Sapient Corporation ( Bullish Engulfing )
TUNE - Microtune Inc ( Bullish Engulfing )
PDC - Pioneer Drilling Co ( Bullish Engulfing )
GBCI - Glacier Bancorp, Inc. ( Bullish Engulfing )
CMIN - Nordic Nickel Ltd ( Bullish Engulfing )
IOC - Interoil Cp ( Bullish Engulfing )
CYMI - Cymer, Inc. ( Bullish Engulfing )
ALGT - Allegiant Travel Co ( Bullish Engulfing )
ZEUS - Olympic Steel, Inc. ( Bullish Engulfing )
YONG - Golden Tan Inc ( Bullish Engulfing )

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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