Stock Pick for tomorrow (SOHU)

[timsummit]

Hi, what you guys think of this stock SOHU.

1. Candlestick looks pretty bullish
2. Rsi is pointing up to the 50.
3. Macd is up and MacdHist is approaching 0.
4. Stochastic is pointing up from the oversold area.
5. Holding 1-5 days.


http://i41.tinypic.com/2lo4xzl.png

[none9999]

I would wait for it to cross 43.10 convincingly before buying it. Heavy resistance coming just ahead. But the MACD divergence looks positive once it crosses MA(50). Just my two cents, of course....

http://i43.tinypic.com/erbs6v.jpg

[timsummit]

Thanks for your helpful comment. I will keep that in mind.

[delords]

Thanks for the stock picks seems hopeful,

[Horace Kent]

I hate chasing moves like this. It did base nicely over the last week or so.

If it gaps up, I wouldn't chase it.

I see Bernstein initiated coverage on it as outperform. And it spooked the shorts something good. I don't wanna rain on your parade, but this probably gets faded tomorrow.

[Bolimomo]

I see Bernstein initiated coverage on it as outperform.

Ha ha ha... The brokerage firms and their rating systems. LOL. "Outperform". Outperforming what? Checked the daily chart of SOHU for the past year or so... In 2008 went from 40 to 90 then back down to now 40. If that is "outperform", I really, really want to see what their "Strong Buy" are.

Remember brokerage firms don't rate banks and brokerage firms as "sell" in the whole of 2008. Even when some of them went out for good. That's how good their rating systems are. All but just smoke and mirrors to fool the public.