Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Hot stocks to watch next week - Level 3 Communications, Ciena, Evergreen , JDS Uniphase

Chart courtesy of www.stockcharts.com ( click to enlarge ) JDSU has made an awesome move on Friday breaking out of an ascending triangle patterns with volume backed confirmation. I went long at 4.42 as its quite possible we should see a short term move near $5.30/share. The technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. At the moment, there is no reason to sell the stock. Chart courtesy of www.stockcharts.com ( click to enlarge ) ESLR - Although, Friday’s bearish move suggests a possible halt in price and consolidation in play. One thing is for sure, and that is the fact that this stock looks attractive at these prices. The stock looks pretty good on the daily chart holding above it's 20 and 50 day moving averages. The 20 day sma also just crossed above the 50 day sma which is another positive bullish signal I use. A successful breakout over 2.50 would have an estimated target of $3. Chart courtesy of www.stockcharts.com ( click to enlarge ) CIEN broke its major resistance yesterday and continues to work its way higher. From the technical chart both MACD and KD are showing bullish sign as MACD is rising near 0 while KD is crossing up. The stock might test $10.35 level in the short term if it is able to sustain above $9.10. Chart courtesy of www.stockcharts.com ( click to enlarge ) LVLT - Looking at the daily technical chart this stock looks set up for another potential major run. Friday price rallied 20% breaking out of its short term consolidation pattern. I think its very possible we could see this move to 1.50 - 1.65 in the near term. Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples. That's all Folks. See you on Monday !!! AC
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.