Trade Ideas for Tomorrow: AONE, DRYS, SIRI

Sirius XM Radio Inc. (NASDAQ:SIRI) is still moving up in an uptrend channel. Resistance seens at $1.88. The stock has been on the uptrend since August without a major healthy correction. The outlook remains positive for Siriu’s stock as long as it rules above $1.574. The stock finds an immediate support at $1.742 and resistance at $1.88. Fresh long position can be initiated if the stock climbs above this price.

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After being trading in a bearish tone since December 2010 DryShips Inc. (NASDAQ:DRYS) appears to making a comeback in favor of the bulls. Price dropped near 4.65 per share and made a quick and strong jump near 5.20/share with increased volume. Once the stock registers a breakout above this level, there could be a rally to higher levels.

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A123 Systems, Inc. (NASDAQ:AONE) has already recouped its recent losses and looks poised to break resistance at $10. The near-term outlook stays cautious till the stock closes conclusively above this level. So far the technical chart is still showing buy signal with stock trading above 50 and 200 day moving average with MACD on top of signal line and K line on top of D line. Short-term traders can hold their longs with a stop at $9.42.

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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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