Wed May 05 2010
Trade Analyses - Research in Motion, Priceline, Bucy , Verigy , Palm , Macrovision, CRDN
By: AC Investor Blog
Posted on June 30, 2007 at 14:55 PM EDT
Chart courtesy of stockcharts Research in Motion shares soars today more than to 199.99$ after company topped Wall Street's expectations for the first quarter and indicated it would do the same in the second quarter of this year. Research in Motion added about 1.2 million subscribers during the first quarter and predicts 1.4 million new subscribers next quarter. Looking at the technical chart, stock is in now in a Breakout mode, and if this chart does what is supposed to do, it will be going higher in the sessions to come . For the first time in their history the fantastic level of 200$. RIMM in the right way. Chart courtesy of stockcharts PCLN nice chart !!! Priceline.com shares were up nearly 7% to 68.74$ breaking out an important resistance at 66.96$. SWN stock has been doing well this year, making new highs today makes a new one at 69.4$ followed by volume. Looking at the chart above stock broke out 66.96$ and reaching also a new 52 week year high, is now a stock in a Breakout Mode. Indicators are all in favor of Bulls with K line above D line and MACD back above 0. In addition stock is trading above 50 dma and 200 dma = Bullish Mode. Let's see if stock will sustain next week this movement. Now resistance becomes support for PCLN. Chart courtesy of stockcharts BUCY - Possible breakout of the ascending triangle. The chart is showing an ascending triangle setup ready to breakout of a consolidation base. The Ascending Triangle is a bullish pattern, the formation occurs as sellers dump shares at resistance, then after the stock declines buyers come in attempting to pick up a bargain, which makes shares rise again, so keep BUCY in your watchlists. Chart courtesy of stockcharts PALM retest support today with sucess. It's seems to me that stock can recover some of the recent losses. Chart courtesy of stockcharts CRDN - Keep an eye next week on Ceradyne shares for a possible breakout over 75.43$. Chart courtesy of stockcharts VRGY - The technical chart show a Bull flag chart pattern. A Flag (Bullish) is considered a bullish signal, indicating that the current uptrend may continue, the duration of this pattern depends on the extent of the price fluctuations (consolidation). Keep an eye next week on Verigy shares for a potential breakout over 30.25$. Chart courtesy of stockcharts MVSN - Keep an eye next week on Macrovision shares for a possible breakout over 30.85$. 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. That's All. Have a great weekend !!! AC
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