Trade Ideas: DDS, FSLR, LVLT, RMBS

Rambus Inc. (NASDAQ:RMBS) closed the day just above the break out point after some decent swings. The stock has been beaten down since February, but at this moment it seems pretty clear that buyers have been waiting in the 19-19.5 range. The stock may attempt to go higher from here. If the near-by support at $19.75 holds up on Monday, a rally up to the $20.72 level is probable or even possible. Only a close below $19.36 would negate the positive outlook.

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Dillard’s, Inc. (NYSE:DDS) is now moving out of a nice base on great volume. The stock looks good for further gains from here.

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Looking at the technical chart of First Solar, Inc. (NASDAQ:FSLR) there is no reason to take exposure in this stock as there is no evidence of the reversal of the ongoing downward move. The stock is now trading below 50 day and 200 day moving average. Another weak sign is MACD which is still below 0. Only a close above $150.80 will reverse the current downtrend. For now, it would be better to stay away from this stock.

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Level 3 Communications, Inc. (NASDAQ:LVLT) broke out to a new 52-week high this week accompained by a strong volume suggesting higher levels. The consolidation and compression that has been going on in the last days is very healthy. The technical chart still showing a bullish bias. KD line shows positive signs as K line is rising on top over D line and MACD continue moving up. I suspect the stock may continue to appreciate over the coming days. Long entry would be at $1.77 on good volume.

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Other stocks to watch:

Sirius XM Radio Inc. (NASDAQ:SIRI) looks to have a very large ascending triangle on it right now and recently has moved up very nicely, heading for the upper trend line. A break of the upper trend line on good price action and volume would be the buy point at and over $1.88.

Banner Corporation (NASDAQ:BANR) has continued to climb and looks “OK” to keep going.

Cell Therapeutics, Inc. (NASDAQ:CTIC) closed below its 200-dma triggering a sell signal.

Motorola Mobility Holdings Inc (NYSE:MMI) – We need to get another up session with huge volume to solidify this as a bottom.

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 325 Articles

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

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