Trade Ideas: SIRI, REE, HLX, TRGL

This is a short term look at Sirius XM Radio Inc. (NASDAQ:SIRI) chart :
– SIRI closed again below its 50-day moving average. This is generally considered to an indication of a bearish trend.
– The Stochastic Oscillator is registering a bearish signal as the %K is below the %D.
– The On Balance Volume indicator presently offers a neutral signal.
– Short term: Prices are moving. (down). By the way, prices are vulnerable to a correction towards $1.92.
– The RSI is currently at 47.83% which indicates that the stock is trading in the bearish territory.
– Fresh exposures may be avoided for the moment. A close below $2.09 would be an early sign of weakness and a drop below $1.91 would impart weakness.
– The weak outlook would be negated on a close above $2.28. A close above this level would warrant liquidation of short positions.

Overall, the bias in prices in short-term is: Downwards.

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Rare Element Res Ltd (AMEX:REE) seems to have broken out of a major horizontal resistance that targets a move to 12.74 in the stock. The technical indicator KD shows the stock is still in a rally.

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Helix Energy Solutions Group Inc. (NYSE:HLX) has broken out to all-time highs during today’s session at $21.65, however in the final hour stock retracted closing at $20.76. Overall indicators are still in Bullish areas. Let’s see if today stock will confirm intraday breakout. Support at : $18.93 and Resistance at :$21.65.

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Toreador Resources Corporation (NASDAQ:TRGL) traded slightly higher on Tuesday as the stock hit a high of $3.96 on the day. This high is resistance for today’s continuation move, which could have good upside potential. I’m watching the stock very closely as this can be a good trading stock, but it will move quickly. From a technical standpoint the stock looks to have built a base and wants to make an upside move. You want to keep TRGL on your screen for today’s trading.

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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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