Archive for July, 2010.

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AMD has sold off most of the past month, but it looks like to have found a bottom last week. The stock closed up $.14 yesterday. After break key level 8.10, the stock topped at 8.25 and closed at 8.21. From a technical perspective, we can see on daily chart above 3 bullish candlesticks with higher high and higher low for the past 3 days suggesting that the stock is in strong bullish momentum. The bias is on the upside, targeting 8.75 area. Immediate support is seen at 8.01 followed by 7.82.

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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AIB trader higher on Monday as the stock followed through from Friday’s move. The stock closed near highs, which tells us there is more buying. If the stock can break through $2.67, we should see another strong upside move. All indicators are in favour of an upward price movement. The technical indicator MACD has generated a buy signal and is currently near to cross the 0 line. This momentum could push this stock much higher from here, so keep the stock on your radar for Tuesday’s trading day, as there is good upside potential in this move.

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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BANR looks like it has stabilized and the oscillators MACD and Stochastic look promising. This could indicate the potential for some upside gains in the very near-term. If the stock can hold this level, BANR could easily retest its July highs of around $2.31. And then once it breaches that level, the next resistance is only at $2.50. Banner has a price to book ratio of 0.2x based on a current price of $2.17 and a book value per share of $12.64. So, keep your eyes 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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