Trade Ideas: CSIQ, ENER, YHOO

Yahoo! Inc.(NASDAQ:YHOO) – On the daily time frame the volume bars over the last two weeks show the shorts have covered and as a result the OBV indicator displayed a nice spike. This is a good sign for the stock. If pullback continues look to enter at 13.52 ( 50-day SMA ).

(click to enlarge)

Canadian Solar Inc.(NASDAQ:CSIQ) is a stock that I brought to my twitter at $4.41 as a possible bounce play, it hit $4.60 yesterday and looks poised for further gains. In the short-term, the stock is extremely oversold and sentiment is extremely negative. It can be very hazardous to sell into this condition. The stock opened yesterday`s session at $4.33 and intra-day was ranging at 4.32-4.60 ending the session with nice gain of 3.70% on expanding volume. This could be the start of a nice rebound! Stay tuned and I will be sure to keep you updated!

(click to enlarge)

Energy Conversion Devices, Inc. (NASDAQ:ENER) has been falling steadily for quite a while, until just recently it started to rebound. ENER is up some 60% off its lows and showing no signs of stopping. Next resistance lies at $1.08.

(click to enlarge)

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.

Visit: AC Investor Blog

Be the first to comment

Leave a Reply

Your email address will not be published.