Chart courtesy of stockchart

Wall Street rebounded today after oil and natural gas prices fell hard amid mild winter weather that has depressed demand for home-heating fuels. Nasdaq composite index was up 12.33, or 0.51 percent, closing at 2,413.51. The NASDAQ Composite Index have tested the support at the 50 Day Moving Average successfully, and we start to see some improvement on CCI Indicator. I continue to believe that the market will continue to move higher until more of this bearish sentiment is unwound.

Chart courtesy of stockcharts

Shares of GMST rose 13% to 3.73$ after the company said that has signed a patent license agreement with British Sky Broadcasting Limited, also on thursday ( 14 Dec ) GMST said that has signed a new interactive program guide patent license agreement with Philips Electronics, the company said Thursday. Volume spikes today. Looking at the chart, the stock has broken out an important resistance 3.50$ and the chart show a continuation of the trend with MACD and RSI ( reached Overbought ) in Bullish area, the stock is in a strong bull market with both 50 day and 200 day moving average going up.

Chart courtesy of stockcharts

Shares of CIENA climb more than 11% to 27.83$ after the company reported a better-than-expected quarterly profit today and issued a bright outlook for the first quarter, it guided first quarter earnings per share higher to a range of 19 cents to 24 cents a share. The technical chart looks Bullish with MACD again back above 0, RSI is rising in the Bullish territory and the daily chart also shows that CIEN has broken out on high volume the downtrend line that it formed since the top in April, so the stock has now legs to go up again.

Chart courtesy of stockcharts

Shares of ONNN surged today more 4% to 7.82$ with higher-than-normal volume. The chip maker ON Semiconductor Corp. announced today that has priced an offering of $440 million in convertible senior subordinated notes. This run up (December) was great however it's very strained now and it's trading in Overbought conditions so a pull back in this stock is expected.

Chart courtesy stockcharts

Chart courtesy stockcharts

Chart courtesy stockcharts

Chart courtesy stockcharts

Chart courtesy stockcharts

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.

Maria

Here you will find a few charts of stocks trading in a Bullish mode the 50 day moving average/200 day moving average crossovers.

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Chart courtesy of stockcharts

Good Luck guys !!!