Archive for July, 2007.

ALU shares slumped

posted by tony
file under Stock Market

sc52.JPG

                                Chart courtesy of stockcharts

Alcatel-Lucent shares were down more than 12% to $11.60 with more than 57 millions of shares traded,  after reported a larger-than-expected quarterly loss on merger costs, pricing pressures, and a large writedown. Looking at the daily chart, we can see that 13 dma cross below 50 dma, a sign of weakness in share for the short term. Stock is trading in a Bearish market with share price below 13, 50, 200 dma.  The major support for stock is at 10.84 the lows of the year.

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.

sc51.JPG

                                  Chart courtesy of stockcharts

First Solar shares were down today more than 6% to 112.57$ after have done early in the morning a new 52 week high at $123.21. Shares fall more than 7% in the extendend trading after reported profit of $44.4 million, or 58 cents per share in the second-quarter. Looking at the chart and following the investor reaction in after is probably that stock open with a gap down. Stock has the major support at $105.

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.

sc50.JPG

               ( Yesterday close ) Chart courtesy of stockcharts

Shares of Crocs are acting very well today again, stock rose more than 5% breaking the $60 mark. Early in the  afternoon stock made a new 52 week high at $60.38.  Looking at the daily chart with today session, stock is in a strong Bullish Market without no resistance above, however we should pay attention to RSI due to the fact that it’s in Overbought conditions and at this levels the selling pressure increase and a pull back can appear at any time. So, keep an eye on CROX.

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.

subscribe to my news feeds