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3 Major Technical Ideas In 3 Charts

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3 Major Technical Ideas In 3 Charts
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Technical expert Serge Berger provided three big technical ideas this Thursday.

Alibaba Group

Shares of Alibaba Group Holding Ltd (NYSE: BABA) rose almost 4 percent over Wednesday's trading, and Berger said this move “also pushed BABA stock back above a resistance trendline from February.”

He added: “if the stock can overcome the $86-$87 area, it would accomplish a higher high versus a recent high (in this case the March highs) for the first time in many months.”

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Sodastream International

Sodastream International Ltd (NASDAQ: SODA)'s stock has surged more than 6 percent since Monday and, on Wednesday, broke to fresh multi-month highs.

Related Link: Alibaba Pops And Drops: A Technical Breakdown

Berger explains that, “if momentum can persist, this one looks to be ready for a move toward $22.50 or so.”

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Pandora Media

Finally, there’s Pandora Media Inc (NYSE: P) also on the move.

“Very much like SODA and BABA, P is showing strength here after being beaten down for many months. Look at the move on Wednesday how it broke the stock above its 100-day moving average for the first time since last September. "

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Posted-In: MF1 Serge Berger The Steady Trader TheSteadyTrader.comAnalyst Color Technicals Trading Ideas Best of Benzinga

 

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