Archive for April, 2007.

Trade Idea – SIGM

posted by tony
file under Stock Market

              sigm.JPG                      Chart courtesy of stockcharts

Sigma ” SIGM ” shares was down more than 12% to 23.43$ after American Technology research analyst Jeff Schreiner downgraded the stock to “Sell” from “Neutral,” and lowered his price target to $19 from $28. Looking at the chart stock is now in a bad situation after breakdown an important support at 25.50$, the next support is now at 23$. The technical chart also show weakness signa as K line is below D line, MACD back again below 0 and RSI is now in Bearish teritory. SIGMA is a maker of chips used in set-top boxes and DVD players.

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.

Trade Idea- AMZN

posted by tony
file under Stock Market

amzn.JPG Chart courtesy of stockcharts

 

AMZN still hot, but after today session it seems to me that profit taking started, is just my opinion.

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.

Trade Idea – MSFT

posted by tony
file under Stock Market

msft.JPG                      Chart courtesy of stockcharts

MSFT shares was up more than 3.5% on Friday after reported a 65% surge in fiscal third-quarter profit thanks to sales of new products such as the Vista operating system. The technical chart show some resistance in the shares price to break 30.50$, the major resistance right now. Stock have already reached overbought conditions, so for me it’s time to pause on the long side.

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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