Archive for December, 2010.

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The stock failed to close below its 50-day moving average on Wednesday, which is a short term bullish sign. The stock is now in oversold territory with stochastic and relative strength oscillators providing good entry points.

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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The stock closed below the support level of $47.10 on yesterday trading session. Red Hat, Inc. (NYSE:RHT) had a bearish divergence which could be very bearish. I believe the momentum is now bearish and as long as the stock is trading below the 47.10 level, a short position is preferred. The next support level on the daily chart is at $43.65. Stay tuned !!!

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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Force Protection, Inc. looks ready to take out November highs. Indicators are turning up and it should get the move. Keep an eye on it for a possible breakout over $5.73.

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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