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Yoganand D. The near-term outlook is bullish for the stock. We recommend a buy in the stock with stiff stop-loss at Rs 226 levels. Initiate fresh short position with stiff stop-loss only if the counter drops below Rs 902 levels.
Read more...A sell-off in AMZN creates a potential opportunity to the upside
A few days ago, we alerted readers to the short-term overbought conditions in Amazon.com (AMZN) as the stock headed towards its quarterly earnings report.Specifically, we wrote:What traders and active investors may want to focus more attention on, however, is the fact that AMZN, which has been trading in bear market territory for more than two months, has rallied for four days in a row and ...
Read more...Tata Elxsi (Rs 221.4): BUY
Investors with short-term perspective can consider buying the stock of Tata Elxsi. It is apparent from the charts of the stock that after marking a 52-week low at Rs 167 in late December 2011, the stock changed its direction. It is on a medium-term uptrend since then.
Read more...RIMM Due For Short-Term Bounce But Nothing More
To be sure, as beaten-down as the stock is, there have been instances where oversold extremes were so great that the stock actually developed short-term, positive edges and moved higher. In fact, it was just such a sense that things could not get any worse at RIMM that prompted the stock's recent rally into overbought territory.
Read more...Short-Term Call Buyers Swarm ON Semiconductor
The shares of ON Semiconductor Corp. (ONNN - 9.25) are on pace to end the week about 4% higher, and could finish north of their 50-week moving average for the first Friday since mid-July...( Read More )
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