Archive for July, 2008.

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                                                     Chart courtesy of stockcharts

Rambus shares were up 3% on Wednesday to $16.78. Recently the stock has been on rally after the company announced its earnings. Even today the stock surged 3% to $16.78 cents per share. Let’s take a detail look at the stock to see if it’s worth buying. The stock overall is still weak with 50 day moving average now below 200 day moving average, however looking closely at daily technical chart above in a short term basis ,we can clearly see it shows the stock has been on rally recently as K line has been rising above D line. Now that MACD is back above 0 and RSI is in an upward direction, we may should see the stock head to $18 mark soon. Keep an eye on it.

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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Trade Idea – Verizon

posted by tony
file under Stock Market

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                                                                   Chart courtesy of stockcharts

Verizon shares are trading down today after reported a 12% increase in profit during the second quarter. Company’s net income was $1.88 billion in April, May and June, up from $1.68 billion in the same three-month period a year ago. The company, based in New York City, is the second-biggest phone company in the United States. The Verizon’s total sales were up nearly 4 percent, reaching $24.1 billion in 2008′s second quarter. Looking at the daily chart above, the stock has a strong support at $33.50, but a drop below this level would impart further weakness. Hold with a stop-loss at $33.40. The stock could move to the next target zone at $32~$32.30 range.

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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