Stock Picks for Thursday - Curis, Sirius XM Radio Inc. and ADC Telecommunications
( click to enlarge )ADCT has been one of the weakest stocks the past three months, but Tuesday’s move could be the start of a reversal. The increase in volume is telling us that buyers are coming in and expect to see this stock go higher. If this is the start of an upside move, we will see heavy volume again in the coming sessions. An aggressive trader may want to buy ADCT here. The price can head towards the $6.56-$6.6 zone. If this zone is surpassed, getting to $7.11 would be a possibility. Add to your position once there is a close above $6.6. On the technical daily chart we can see the short term bearish trend line has been violated to the upside. The bias is now bullish in nearest term but remains neutral in medium term. With KD rising we could see possible rally coming for the stock. Let's keep an eye on ADCT as i think momentum will pick up.
( click to enlarge )SIRI has been slowly moving down the past few days on increasing volume. This stock has been selling off since mid-November. The short-term outlook remains bearish and a drop to the $0.543-0.55 range appears likely. Short positions may be considered with a price target of $0.543-0.55 and a stop-loss at 0.599. The weak outlook would be negated on a close above $0.60. A close above this level would warrant liquidation of short positions.
( click to enlarge )CRIS has been on fire the past few weeksand it doesn’t look like the trend will change soon. The stock hit a new 52-week high of $3.16 during the day, vaulting over its previous high of $3.09 set early this month. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0 and K line on top of D line. CRIS has a lot of upside potential, so watch the stock closely.
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 Folks. See you tomorrow !!!
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 Folks. See you tomorrow !!!
AC
