Trade Ideas: PMI, SINA, CLNE, CDTI

The PMI Group, Inc. (NYSE:PMI) may have finally bottomed out. Things to focus on technical chart below is the spike in volume on Wednesday of last week, July 6th. Plus, The downtrend line going back to the January high has been broken. It probably marked the end of the slide and beginning of bottoming. By a technical perspective, the outlook is now bullish and the stock could move to $1.72-1.85 levels in the near term. Stop-loss for existing holdings may be placed at $1.22. A close below this level would negate the positive outlook. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode.

(click to enlarge)

Next I’m going to take a look at SINA Corporation (NASDAQ:SINA) stock thats making a very bullish trend reversal which broke out yesterday a major resistance accompanied by a nice volume confirmation. The overall trend appears really positive. A move to the $126-128 range appears likely. Existing investors can remain invested with a stop loss at $103.20 .Only a close below this level would negate the positive outlook.

(click to enlarge)

Clean Energy Fuels Corp. (NASDAQ:CLNE) might face a period of sideways action while it consolidates the gains booked in the last sessions. The stock will face short to medium term resistance at $17.21. Once this level is crossed with good volumes, the stock can go to $19.33.

(click to enlarge)

Clean Diesel Technologies, Inc. (NASDAQ:CDTI) needs to hold $5.50 on the downside or things could get very ugly. On the upside, the stock has resistance located betwen $7 and $7.15.

(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Your email address will not be published.