Stocks to watch tomorrow - JNPR, HPQ, AMZN, JASO
Chart courtesy of stockcharts JASO - Daily chart above shows that it is still to early to say that the downtrend has ended. Stay tuned on her for a possible breakdown below the support level at $15.16 on a close basis. Chart courtesy of stockcharts AMZN - Not a pretty picture. The short term trend is still weak as the stock has been trading below 50-day moving average and 200 -day moving average , with 50 day MA now going downward showing bearish signal. Stock still in downtrend mode. It is better to stay at the sideline and see how the stock react for the next few days as the stock has approached the pressure line of 20-day moving average. Shares were up 1.6% but with low volume, a clear signal of weakness to move up. Chart courtesy of stockcharts HPQ - The stock closed above its 200-day moving average of $47.76, which is a very bullish sign. From a technical perspective stock still looks bullish and there is no evidence we can see for a major correction just yet. Chart courtesy of stockcharts JNPR - Juniper shows a possible inverted head-and-shoulders pattern on the daily chart with a neckline at $28. We will have to wait and see. The big movement in the past few days tells me to be patient. Buy point is when it crosses the neckline at $28 on heavy volume. 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. Have a nice evening !!! AC
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