Stocks in Play for Nov 17: F, S, CSCO, DYN, RMBS

Ford Motor Company (F) witnessed a spectacular rally since 2009. There appears to be upside potential from prevailing levels as the long-term trend is not over as yet. Investors with a long-term perspective may find exit opportunities at $17.50-$18. The positive view would be under threat if the stock closes below the support zone at $14.60-$14.50.

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The bias still remaining bearish on Rambus (RMBS) in short-term and nothing seems to have changed from last week. The bearish outlook will continue as long as the stock remains below $20.77.

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Sprint Nextel Corporation (S) failed to close above the $3.81 level. The recent price patterns suggest that the downward move could continue. A decline to the $3.60-$3.67 range appears likely. A close below $3.60 would impart further weakness and would push the stock to the $3.27-$3.45 range. The weak outlook would be negated on a close above $3.81.

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Dynegy Inc. (DYN) – The stock moved back above its 50 day moving average today but remains below its 200-day moving average. The daily momentum oscillators are reiterating the buy signal generated last week. In addition, the 14-day relative strength index has entered in the bullish zone from the neutral region. There is strong resistance at $5.43 ( 200-day moving average ). This level needs to be crossed if the price has to proceed to $5.75 or $6. Hold your longs with a stop $4.75.

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Cisco Systems, Inc. (CSCO) is extremely oversold and could bounce significantly at any time. So here I’m betting on the long side.

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Disclaimer: This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

About Antonio Costa 324 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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