If we happen to get a bounce tomorrow, TEK is a good long candidate. It is holding long-term support and volume has been getting an uptick on bullish days throughout the month of June. Also, we have some positive divergence in the RSI. TEK reports earnings June 22nd.
Again, on the off chance of a bounce tomorrow, CTXS looks well positioned to rally off of support after forming a doji reversal type bar. Target $37.00.
2 comments:
Odd rally today in that it was pretty hit and miss and not broadbased.
NVDA did well today but ATYT didn't.
THQI did well but ERTS and ATVI tanked.
Your TEK didn't do too well today either.
I did well daytrading NVDA today but my ERTS long certainly kept my profits down.
Yes, it was very hit and miss and I really didn't have much time at work to participate. When the rally didn't extend off of the first bounce, I decided to stay out of the market today. The CTXS would have been a good day trade as I usually take a 50% profit on the first reversal. The TEK actually turned into a short play when it broke $30.00. The low volume on the Nasdaq today is not inspiring me to long just yet.
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