Trade Ideas for Tomorrow: OXGN, RMBS, TLAB, FORM

Shares of Rambus Inc. (NASDAQ:RMBS) are coming very near to its horizontal support of $18.77. Any close below this level will signal the next leg down has begun. Stop yourself out on any close below this level. Technically, the outlook for RMBS is relatively bearish. Stochastic, MACD and ADX charts are flashing bearish signal . However, due to the recent sell-down, CCI for Rambus is moving towards oversold territory, in the other words, signaling a buy signal. At this point, it’s better to stay at the sideline. The weak outlook would be negated only on a close above $19.75 on heavy volume.

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OXiGENE, Inc.(Nasdaq:OXGN) remains in a clear uptrend, but there were four days of increasing volume and this stock is way overextended. The technical chart shows positive sign as the stock is now trading above all three major moving averages with KD rising and MACD now above 0. Recent surge may spur some profit taking but for the short term is looking good. Next resistance is now seen at $5.44.

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Tellabs, Inc. (NASDAQ:TLAB) is still holding up quite well here. For the first time in days, stochastic chart has a positive crossover, indicating bullish outlook and CCI is currently trading in the neutral range climbing from oversold territory recently. The next major resistance level for Tellabs is located at $4.95. A close above would be very bullish !!

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FormFactor, Inc. (NASDAQ:FORM) continues to look good here. The stock may still have potential to move higher out of this channel. Keep an eye on it. The buy point is still around $11 on strong volume. From the technical analysis perspective, the outlook for the stock is relatively bullish. The stochastic analysis is signaling a bullish outlook which can be further confirming in MACD and ADX charts.

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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 325 Articles

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

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