Advanced Micro Devices Inc (NYSE:AMD) – $6.49

News events: Receiving $1.25 billion from Intel and settles law disputes with Intel

Technical and seasonality comment: Advanced Micro Devices currently has a positive intermediate technical profile. Today, the stock broke above resistance at $6.36 to an 18 month high with exceptionally high volume. The stock remains above its 50 and 200 day moving averages. Short term momentum indicators are recovering from oversold levels. A MACD cross over buy signals was recorded today. Intermediate upside potential is to $9.30. Seasonal influences are favourable until mid January.

Chart courtesy of StockCharts.com www.stockcharts.com

BCE Inc (NYSE:BCE, TSE:BCE) – $25.87 US, $27.20 Cdn.

News event: Reported higher than consensus third quarter earnings

Technical comment: BCE currently has a positive intermediate technical profile. Its intermediate uptrend resumed today when the stock briefly moved above resistance at $27.35 Cdn. to reach a ten month high. The stock continues to trade above its 50 and 200 day moving averages. Short term momentum indicators (MACD, RSI and Stochastics) are recovering from oversold levels. Stochastics already are short term overbought, but continue to trend higher. Strength relative to the TSX Composite Index has been neutral since May. Intermediate upside potential is to $29.80 Cdn.

Chart courtesy of StockCharts.com www.stockcharts.com

Hewlett-Packard Co (NYSE:HPQ) – $49.75

News event: Acquiring 3COM

Technical and seasonality comment: Hewlett Packard currently has a positive intermediate technical profile. Intermediate trend has been up since March. The stock remains above its 200 day moving average and has bounced on four occasions during the past six months from its 50 day moving average. Strength relative to the S&P 500 Index has been positive since June. Seasonal influences are positive until mid January. Preferred strategy is to accumulate on weakness as the stock approaches its 50 day moving average.

Chart courtesy of StockCharts.com www.stockcharts.com

Wal-Mart Stores Inc (NYSE:WMT) – $53.57

News event: Higher than expected third quarter earnings

Technical comment: Wal-Mart currently has a mixed intermediate technical profile and a positive short term technical profile. Intermediate trend is neutral and its performance relative to the S&P 500 Index has been negative since March. However, the stock recently managed to move above its 200 day and 50 day moving averages. Yesterday, it broke above resistance at $52.00 and $52.56 and is testing resistance at $53.51. Intermediate upside potential on a break above $53.51 is $62.

Chart courtesy of StockCharts.com www.stockcharts.com

Empire Co Ltd (TSE:EMP.A) – $45.00 Cdn.

News event: Completed a reverse head and shoulders pattern on the charts today.

Technical comment: Empire Companies broke resistance this morning at $44.29 and completed a head and shoulders pattern on the charts. The stock recently bounced from its 50 day moving average. Intermediate trend following the breakout changed from down to up. Upside potential based on the technical pattern is $49.25.

Don Vialoux

Director of the Canadian Society of Technical Analysts

Comments offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. An attempt to provide accurate data has been made, but accuracy is not guaranteed. Comments are from Don Vialoux and not from the Canadian Society of Technical Analysts.

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Tags - Previous posts for stock ticker: AMD, BCE, EMP.A, HPQ, WMT

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