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Everyone wants to know.. how long can the rally last. It’s the same question that was being asked on the other side just one month ago. How low can we go and for how long? The market always seems to remain irrational longer than you think it will and that has certainly played out over [...]
Chart courtesy of stockcharts ( click to enlarge )
Pfizer (PFE) - Technically, the stock is still in a downtrend despite the pop in price on today’s session. The resistance levels are now at 15.16 and then at 15.30. It is better to stay at the sideline. Only a close above $15.30 would ...
Chart courtesy of www.stockcharts.com ( click to enlarge )
PFE - Technically, the stock is still in a downtrend despite the pop in price on today's session. The resistance levels are now at 15.16 and then at 15.30. It is better to stay at the sideline. Only a close above $15.30 would trigger some positive sentiment. Long positions may be considered on a daily close above this level, with a stop-loss at $14.50.
Chart courtesy of www.stockcharts.com ( click to enlarge )
CYBS - The technical daily chart shows the stock has been on a downward trend in the recent weeks. It staged a reversal on Tuesday of the past week. Further strength above $13.35 opens the door to $15. With MACD above 0 we should see more upside from this stock. Fresh exposures may be considered on a move above 13.09. Put CYBS on your radar.
Chart courtesy of www.stockcharts.com ( click to enlarge )
AKAM has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $14 per share on a respectable volume. The stock is displaying upside momentum and is poised to move higher from these levels.
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.
The theme for this week was a return to resiliency. We began to see good resiliency in the market back in December despite the constant barrage of negative news and managed to attack the 50 day moving average 3 times, eventually pushing significantly above at the tail end of 08. The oversold conditions set the [...]
CyberSource Corp. (CYBS) shares have climbed significantly the past few weeks, in fact doubling from their late November lows of $6.11. The run has been buoyed by a variety of factors – a depressed valuation after the company reiterated 2008 full year earnings of $.63 to $.64 a share that sparked a wave of buyers, a stock buyback of $15 million that represents a significant portion of the $73.16
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