Stock Picks and Trade Ideas for Thursday - SNDK, LVLT, MU, GME

Chart courtesy of stockcharts ( click to enlarge ) GME - The stock is sitting on the 50-day moving average. However the internal indicators ( KD, MACD and RSI ) are showing negative divergences and in the world of technical analysis, that is not good. Investors may hold with a stop-loss at $42.70. If stock breaks this level then the stock can head to $42 and if this level is breached then the level of $39.90 is visible. Chart courtesy of stockcharts ( click to enlarge ) MU - Daily chart above shows that it is still to early to say that the downtrend has ended. It is better to stay at the sideline. Only a close above $4.42 would trigger some positive sentiment. Chart courtesy of stockcharts ( click to enlarge ) LVLT - It looks like the uptrend is back. Stock broke out from its descending triangle. Technical indicators such as KD also show buy signal as K line has just crossed on top over D line. Chart courtesy of stockcharts ( click to enlarge ) SNDK - The long-term chart shows an under performer when compared to other stocks in the same sector. Sandisk seems to have a remarkable support around the $14.00 mark and the medium-term chart shows a falling wedge, a bullish indicator. If it breaks out of this wedge that is a very good sign. 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. See you Tomorrow !!! AC