Trade Ideas for Tomorrow: BAC, BANR, THQI, TLAB

Tellabs, Inc. (NASDAQ:TLAB) – Selling pressure is losing steam here. Good base building around $5.25. Technically speaking, TLAB shares are attractive since its near to the support level. As long as the support is there, I don’t think its a problem to include this stock in your short to medium term portfolio. Momentum is decreasing and many technical indicator show bullish divergence with the price movement. If the stock can hold the support we may see another short rally to $5.80-$6. Let’s keep an eye on TLAB as i think momentum will pick up. A break above $5.40-5.42 should provide a massive rally up.

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Bank of America Corporation (NYSE:BAC) – As long as the stock holds above the $3.92 support level the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $14.50, with a stop-loss at $13.51.

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THQ Inc. (NASDAQ:THQI) is falling in the after-hours session after the company lowered its earnings outlook for its current, fiscal fourth quarter to a range of 5 to 15 cents, compared with the 30 to 38 cents that analysts were expecting. The company’s previous earnings forecast was 35 to 45 cents. The near-term outlook would depend on the price movement in the next few days. A close above $6.47 would impart bullishness and would help the stock move to the 7.56-7.75 band. A drop below $5.58 would have negative implications that would push the stock down to the 4.82-5.04 range. Remain invested with a stop loss at $5.58.

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Is tomorrow the day for Banner Corporation (NASDAQ:BANR) ? Indicators are calling for a Powerful Breakout. Keep the stock on your radar since it could make a solid move upwards.

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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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