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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

July 12, 2007


Trading BRCM MMM CPLA

Filed under: Stock Picks — Online Stock Trading @ 9:01 am

I took some trades long in MMM- 3M Co., BRCM - Broadcom Corp.,  and have CPLA - Capella Education Co. on watch.

MMM is breaking out of a cup and handle trading pattern here. Earnings are in a couple of weeks. 93 seems a reasonable target.

mmm-071207.jpg

BRCM is another cup and handle. I entered on the 7th bar buy signal using the 15-min chart. This stocks looks capable of hitting 34.

brcm-daily-071207.jpg

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CPLA has touched 50dma support. I’m searching for strength, and a buy signal before taking it long here. Short on a loss of 50dma support with appropriate sell signal. 100% retracement on the pullback, cuts the odds for the long side to work.

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