Stocks to keep an eye on tomorrow session - RNWK, KLAC, CNXT, C , ADBE
ADBE - Great earnings on this stock. Entry point would be on the day it blows through $36.46 on heavy volume. I would like also to point out that MACD Fast line crossed above MACD Slow Line, producing a Buy signal.
The break of the resistance line with heavy volume should be the next buy point on Citigroup. If it clears resistance at $22, the move may be powerful.
CNXT looks like it wants to test the first resistance line above at $0.50. Looking at the daily chart, MACD shows buy signal as MACD rising above signal line and KD is also showing buy signal with K line now above D line.
KLAC was a nice play after have broken the support line last week, however, it looks like there is more downside here. I believe stock will test recent lows at $35.25. All the indicators are in favor of Bears.
RNWK - After sharp gains yesterday, the stock has found resistance again on its 50 day moving average, pulled back to close just under the support area at $5.60. At this level, we will see if it can hold here or try a new up movement. Recent technical indicators for Real Networks have been slightly bearish, with MACD below 0 and K line below D line. So, if you want to buy the stock, wait !!! this is not a good time.
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.
That's All. Have a great evening !!!
AC
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.
That's All. Have a great evening !!!
AC
Labels: ADBE, C, CNXT, KLAC, RNWK
