Picks
for November 23, 2009
|
STOCK
|
RESISTANCE
|
STOP
|
TARGET
|
|
CMCSA
|
$15.09
|
$14.98
|
$17.00
|
|
ORCL
|
$22.39
|
$22.28
|
$24.00
|
|
SNDK
|
$20.29
|
$20.18
|
$23.00
|
|
SPLS
|
$22.88
|
$22.78
|
$24.00
|
CMCSA RESISTANCE LEVEL - $15.09
We are watching
CMCSA on Monday, because the stock looks to be setting up for a possible
reversal move. We are buyers once it
breaks through the two-day double-top high of $15.09. We expect to see an increase in volume if
this does occur, which should help push the stock higher. Keep a close eye on CMCSA for Monday’s
trading day.
ORCL RESISTANCE LEVEL - $22.39
ORCL traded lower on Friday,
but bounced off its 10 day moving average.
This average can be a good short-term support level, which is why we are
watching ORCL on Monday. We are buyers
once the stock breaks through Friday’s high of $22.39 for this reversal
move. There could be good upside in this
trade, so watch ORCL closely on Monday.
SNDK RESISTANCE LEVEL - $20.29
SNDK tried to break
down on Friday, but bounced off the whole number at the $20.00 level. This looks to be a strong support level and
should help the stock move higher on Monday.
Resistance for this upside move is $20.29, which reflects Friday’s high
of the day. You want to watch SNDK
closely because this can be a fast moving stock.
SPLS RESISTANCE LEVEL - $22.88
SPLS has one of our
favorite charts as it sets up for an upside move soon. The stock has consolidated in a decreasing
range the past few days, without breaking down.
This is a bullish sign for an upside move, which is why we are watching
it on Monday. We are buyers of SPLS once
it breaks through the $22.88 high, which was set on both Thursday and
Friday. There could be good upside in
this trade, so watch SPLS closely on Monday.
NO PICKS ON fRIDAY DUE TO OPTIONS EXPIRATION
