Stock Picks and Trade Ideas for Friday - CNQR, JNPR, CSCO
By:
AC Investor Blog
Posted on November 13, 2008 at 17:19 PM EST
Chart courtesy of stockcharts ( click to enlarge ) CSCO - The stock is making low highs and lower lows since beg October, even though there has been a nice bounce today, this no means that a reversal might occur. Technicals are oversold and remain neutral to bearish signaling sideways to lower prices in the near term. The stock needs to cross and close above its 20-day moving average at $17.48 to turn the trend bullish. Keep an eye on Cisco for a possible reversal. Chart courtesy of stockcharts ( click to enlarge ) JNPR - The daily chart shows that the stock made a new low for the year today at $14.20. Technicals are oversold but remain neutral to bearish signaling sideways to lower prices possible in the near term. Only a close above $17.73 ( 20-day moving average ) will confirm the short term low for the stock. I'm looking for a good trade if the prices close above this level. In the short-term expect a push to $17 promptly. Failure would prompt downward support in $16 range, then $15.27. Chart courtesy of stockcharts ( click to enlarge ) CNQR - The stock broke down trendline resistance with good volume over the last two days. For now, expect a run up to next resistance area around $26. If the stock is able to cross it and sustain above it, then it might go to $32.78. Support lies around $23.93. 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. That's All. See you tomorrow !! AC
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here

