Trade Ideas: AMD, BZ, DYN, SIRI

Boise Inc. (NYSE:BZ) could move to the target zone at $9.35-$9.60. The positive outlook would be valid as long as the stock holds above the stop-loss level at $8.90. On daily chart, the technical indicators are supporting the bulls. MACD is positive and above the signal line. The RSI is also moving up and above its 50 level. Shareholders may remain invested with a stop-loss at $8.90.

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Dynegy Inc. (NYSE:DYN) enjoys a strong support at the 5.65-5.60 zone. A breach of this zone would have negative implications. The near-term trend appears bullish and would remain so, as long as the stock holds above $5.60.

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The price movement in the last couple of days indicates that Sirius XM Radio Inc. (NASDAQ:SIRI) has formed a short-term bottom at $1.63. A move to the $1.77-$1.82 range appears likely, however the stock needs to take out the 50 day moving average first.

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Advanced Micro Devices, Inc. (NYSE:AMD) – Overall uptrend still intact and nice bounce off of 50-day moving average zone. Looking for a move above $8.91 as an entry point on the long side.

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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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