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

September 24, 2007


Thoughts on HNSN QID WFR and ICE

Filed under: Stock Picks — Online Stock Trading @ 9:16 am

A few observations from this online trader.

HNSN - Hansen Medical is trading at a new high today after gapping higher. Two entries were given on the 5-minute chart. With no overhead, 30’s look promising.

hnsn-092407.jpg

QID has stopped out a buy signal, on a longer monthly chart. Is it just pulling stops, or will the recent highs be broken, sending QID even lower? I’m searching for longs. I also know a reversal will send QID up very fast.

qid-monthly-092407.jpg

WFR has broken trend line resistance. So has ICE, which is performing better at the moment. Both should now trade higher as long as those lines act as support.

wfr-092407.jpg

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