I believe that Yahoo! Inc.(NASDAQ:YHOO) is poised to continue moving upwards. Last week’s pullback has probably attracted a ton of traders looking for an opportunity to jump into a stock that took a dip. In addition, there are several short, mid and long term technical indications suggesting that YHOO could make a move to higher levels. On Friday’s session the stock closed near the highs of the day which is very bullish for this week. Next major resistance level is $15.68 ( 200-day SMA ). Support level is at $13.69 and $13.50 respectively. Bulls will be in control if price remains above 50 day moving average. Options traders are buying calls.

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Canadian Solar Inc. (NASDAQ:CSIQ) formed a bullish engulfing candle on the daily chart and reversed higher on excellent volume from the key long-term support level, I’m bullish on the stock this week. I expect its up-move to continue and reach my first price target of 5.31 or 5.59 in the forthcoming trading sessions. Traders with short-term perspective can consider buying the stock with stop-loss at $4.26. CSIQ is certainly an interesting reversal candidate given the lengthy decline.

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And finally, Aruba Networks, Inc. (NASDAQ:ARUN) is a buy based on Friday’s bullish move. The stock broke the 50 day MA and also the resistance of the channel. First possible target price for this stock is at $24.15 and have to see from there. Looking at the technical indicators, we have the MACD near the center line and RSI moving up above its 50% level.

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THQ Inc. (NASDAQ:THQI) – Some positive divergences in the chart showing up…… we might have seen the bottom and ready for a sustain rally. The insider transactions show positive sign as the CEO finally began to purchase stock in August at 1.85 and 2.60 per share for 25000 shares.

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Rambus Inc. (NASDAQ:RMBS) has just started moving higher and established a short term up-trend. Momentum indicators are slightly bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD indicator which is currently above the 0 line. Watching for $14 breakout. This momentum could push this stock much higher from here, so keep the stock on your radar for today’s trading, as there is good upside potential in this move.

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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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