End of Year Trade Ideas – FDRY, FSLR, ISRG, SIRF
Posted on December 23rd, 2007 in Stock Market | Comments Off
Some of the tech stocks are performing well like RIMM [[RIMM]] on Friday after great earnings. Here are some ideas to trade on.
[[FDRY]] Foundry Network. FDRY tested the swing high on April 27 on lighter volume and both price and volume have been increasing the last few days. I see this going up to at least $20.50.
[[FSLR]] First Solar is a strong stock. Price bounced off the $220 range and keeps moving higher. Volume on Friday was good.
[[ISRG]] Intuitive Surgical. I have been in at $290 but added another position at $308 a few days ago. I expect it may consolidate around around$330 but then head up to $360.
[[SIRF]] SiRF Technology Holdings. They make the GPS chips in most of the GPS manufacturers. It has been beaten down from Feb to Sept but is now finding strength. I love stocks which have a high volume high because the stock will always head back up to test that. So on 10/31 there is a high at $29.85. I would enter this stock if it close above $25 on more than 2.33 million shares.
