Free stock pick for 12/06/2010
OmniVision Technologies Inc (OVTI)-long
Technical Analysis:
After Wednesday gap up and daily bear trap, OVTI started with consolidation and I’m interested for break up and move to 32.50-35 area. On the bigger time frame we can see that OVTI have room for that action what is another reason why I like it. On the other side, I will stay with day trade, because after two up day’s we can expect that market will take a rest and for OVTI success we need to see own way action.
Fundamental Analysis:
Earnings growth in the past year has accelerated rapidly compared to earnings growth in the past three years. Two or more executives, board directors or major shareholders - including one high-level executive - sold a large number of shares recently.
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Good luck trading today!
Ivica Juracic
XpertStockTrader.com
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