Stock Chart Analysis FCSX

FCStone Group, Inc. (Public, NASDAQ:FCSX)

FCSX recently cleared a reverse head and shoulders pattern that is a smaller part of a larger consolidation base. The target of the H&S take FCSX out of the triangle, possibly signaling a true breakout to new all time highs. Drilling down to the near term shows that FCSX is still vulnerable here as it remains under the 20 day sma. However, it did find support at the 50 day sma and lower bollinger band, so there is a chance that it could resume the breakout here.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CSUN

China Sunergy Co., Ltd. (ADR) (Public, NASDAQ:CSUN)

Solar stocks have been on fire recently and chinese stocks caught a little buying this afternoon as well. CSUN happens to belong to both sectors and looks like it may be close to completing a consolidation after breaking out of a trading range. It looks like it may be in the process of setting higher highs and lows, which means 8.57 should hold as a low as it challenges for new highs. Of course a sustained move below 8.57 would negate the trade.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis FCN

FTI Consulting, Inc. (Public, NYSE:FCN)

FCN is quickly approaching a critical juncture as it struggles to maintain its October breakout. It has pulled back to the breakout area for a second time and quickly caught a bid as it tested the lower $50's. I think there are some clear lines drawn in the sand here and if FCN can turn around and reclaim $54-55 then I think a breakout will follow soon thereafter.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Both stocks (ACAD and NGS) I was gonna post an analysis on tonight report earnings the next two days, therefore are automatically disqualified from my watchlist. I will resume posting charts tomorrow.

Good Trading,


Joey