Archive for October, 2007.

NVAX – Up more than 18%

posted by tony
file under Stock Market

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                                      ( Yesterday close ) Chart courtesy of stockcharts

Novavax shares are acting very well today after Oppenheimer upgrade stock. Looking at the daily chart, stock is trading in a short bearish moment with overall indicators in Beraish areas, however it seems that this upgrade will put some pressure in shorts to cover their positions whether stock close above its 50 dma. So, it’s time to attention on NVAX today, a close above $3.65 will invert the trend. Keep an eye.

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.

TEVA chart looks Bullish

posted by tony
file under Stock Market

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                                   ( Yesterday close ) Chart courtesy of stockcharts

Teva Pharm shares are very active today after Friedman Billings upgrade stock to Outperform from Mkt Perform, raising its price target also to $52 from $46.The technical chart of stock is presently printing a uptrend that was yesterday broken, so before play on the long side we should wait for a close above $44 to interpret yesterday movement as a False breakown. So, pay attention in this fact to avoid a trade mistake. Overall, chart looks Bullish.

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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                                    ( Yesterday close ) Chart courtesy of stockcharts

Shares of Research In Motion are today very active in Wall Street after Bank of America raised its target to $146 from $114 based upon recent channel checks and higher Smartphone market growth. Looking at the daily chart, we can see that stock have found a strong resistance at $125, and since the last time that this value was tested without success, share price pulled back a little, trading now in straight range near to break for one of the sides. However, the overall technical picture still very Bullish with the uptrend intact, so pay attention on Research in motion for a possible breakout over $125 or a possible breakdown of the trend.

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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