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Stock Picks : General Electric, GigaMedia, Xenoport

GigaMedia  - Although some indicators are weak resulting fromMonday's retracement, the 13-day moving average suggests that this could be an excellent buying opportunity before the next big move. The bounce from 3.10 seems to be a valid buy signal.

 

General Electric  looks like it broke an ascending triangle and could go to $20. Volume confirms. Momentum indicators looking good. Buy as close to 17.10 as possible.

 


Xenoport 
had a strong day on Monday after Wedbush Reiterates an 'Outperform' Rating on XenoPort. The stock was up $0.91 on the day and could make another move on Tuesday. I'm buyer of XNPT once it breaks through $9.48, which was Monday's high.

Disclaimer: Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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