Trade Ideas for Monday - YHOO, NVDA,AEM
September 07, 2007 at 18:57 PM EDT
Chart courtesy of stockcharts NVDA has been moving progressively higher and looks like it is pulling back to support after a recent breakout. It may be finding support at the rising 20 day simple moving average at $47.67. Chart courtesy of stockcharts AEM - Breakout on Thursday and still going up. It is looking like this is a very powerful move, followed by strong volume. Chart courtesy of stockcharts Over this week I changed my opinion on Yahoo from Bearish to Bullish. Looks like YAHOO is consolidating recent gains to runup again. MACD Bullish and RSI Neutral. Even with this negative sentiment in the market stock may find support at $23.38 ( 20 dma ). 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 example. That's All. Have a great weekend !!! AC