Stock Picks For Friday: Google And KHD Humboldt Wedag International

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Stock Picks For Friday: Google And KHD Humboldt Wedag International

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

( click to enlarge )

KHD Humboldt Wedag International Limited (KHD) broke out of a consolidation range on Thursday, as the stock closed up $0.80 ( 7% ) on heavy volume. I’m watching KHD on Friday for a continuation of this breakout. The technical chart shows the buyers are back and a possible test of last month high at $12.15 is very likely. The medium term trend is still bullish as the stock is still on top of 50 day and 200 day moving average with both moving averages going up. So, keep an eye on her.

( click to enlarge )

Google (GOOG) is trading higher after hours, as the company released strong earnings. I’m expecting it to gap up Friday morning. Looking at the chart above the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average. The uptrend channel marked by the green parallel lines defines the new uptrend started in July. Next resistance : 602.45

Other Stocks to Watch:

Today’s candlestick pattern was a Bullish Engulfing

ETFC - E*Trade Financial Inc
MSFT - Microsoft Corporation
CVM - CEL-SCI Corp
AXP - AMERICAN EXPRESS CO
COP - ConocoPhillips
EP - EL PASO CORP
FITB - Fifth Third Bancorp
TSO - Tesoro Corp
SUN - SUNOCO INC
CA - CA In
WMB - WILLIAMS COS INC
STAR - Starent Networks Corp
PBCT - People’s Bank
NVAX - Novavax Inc
NOV - NATIONAL OILWELL INC
V - VISA Inc
RRI - Rri Energy Inc
FLR - FLUOR CORP
ACI - ARCH COAL INC
ENER - Energy Conversion Devices
FST - FOREST OIL CORP
DVN - Devon Energy Cp
STT - STATE STREET CORP
EAT - BRINKER INTL INC
SD - Sandridge Energy Inc
EXC - EXELON CORPORATION
NE - NOBLE DRILLING CORP
PWR - QUANTA SVCS INC
PPL - PPL CORPORATION
BEXP - Brigham Exploration Co
HNZ - HEINZ H J CO
VMC - VULCAN MATERIALS CO
DSX - DIANA SHIPPING INC
FE - FIRSTENERGY CORP
ETR - ENTERGY CORP HLDG CO
MIR - MIRANT CORPORATION
HOC - Holly Cp
BG - BUNGE LTD
ACM - Aecom Technology Corp
GMXR - GMX Resources Inc
CKXE - CKX Inc
UTHR - United Therapeutics

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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