Trade Ideas for Tomorrow: LDK, OSK, SOLF, SOLR

Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF) – The violent reversal from its 200-day moving average leads the way to a retest of $8.27 support. If the stock can hold above this area we could assist to a rebound for a retest of today’s highs and a possible breakout to the upside.

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LDK Solar Co., Ltd. (NYSE:LDK), retested the 50-day mving average and failed to close over that level. We should see a potential upside if the stock manages to close over the 50-day mving average. Support continues to be located at $10.74 and any close below that level could signal further declines.

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GT Solar International, Inc. (NASDAQ:SOLR) has had a nice run over the past days. At this stage, we can see that SOLR is now testing its line resistance at $8.27. A break of this resistance level could see the stock testing its next horizontal resistance line located at $8.78. Technical indicators are bullish as MACD momentum and histograms trend higher and RSI is above 50 level.

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Oshkosh Corporation (NYSE:OSK) had a huge breakout day on Tuesday and closed above its 200-day moving average. The breakout was on heavy volume. The next key resistance levels are located at $34.94 and $36.14. There looks to be good upside potential, so watch the stock very closely on Wednesday. Shareholders may remain invested with a stop- loss at $33.28.

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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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