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Apple Inc. (NASDAQ:AAPL) broke out to a new all-time high today, accompanied by a good volume suggesting higher levels.The stock has been in a nice uptrend for the last three weeks and it looks very strong with both 50 day and 200 day moving average going up while %K line is on top of %D line. AAPL is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. Watchout for support at 279.01, as long as the stock does not go below this level on its correction phase, we are still safe. AAPL is a stock to keep an eye on for awhile.
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The game sector had a bounce on Monday, as most of the big names traded higher. THQ Inc. (NASDAQ:THQI) has a very interesting daily chart and could have a bigger move this week. The recent increase in trading volume and rising OBV suggests buyers are accumulating stock. A breakout above $3.77 would constitute a technical entry for the short term trader looking for a quick trade. Stay tuned.
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Today we had a great day with Generex Biotechnology Corporation (NASDAQ:GNBT) being up over 20% in the morning. It gave up some ground but still finished up 16.13% for the day. Now this looks to be just the beginning of GNBT's run and I'm extremely confident that the gains will continue. The technical daily chart is showing a strong bullish bias. On Balance Volume is increasing, indicating accumulation of shares in the market and KD line is indicating upward swing. Watch GNBT closely on Tuesday.
Other stocks to watch :
New 52-week High stocks
ID - Viisage Technology
Q - QWEST COMM INTL INC
AAPL - Apple Inc
CHTP - Chelsea Therapeutics
NZ - Netezza Corp
BIDU - Baidu Inc
JASO - JA Solar Holdings C
CAT - Caterpillar Inc
EXPE - EXPEDIA INC
PM - Philip Morris International
KFT - KRAFT FOODS INC
INET - Internet Brands Inc
TDC - Teradata Corp
AMZN - Amazon.com, Inc.
NTAP - NetApp Inc
ATML - Atmel Corporation
KIM - KIMCO REALTY CORP MD
CMS - C M S ENERGY CORP
ROVI - Macrovision Corpora
INTU - Intuit Inc.
SWKS - SKYWORKS SOLUTNS
VOD - Vodafone Gp Plc
CTL - Centurylink Inc
DE - DEERE & CO
WIN - Windstream Corp
CTSH - Cognizant Technolog
IVN - IVANHOE MINES LTD ORD
CNP - CenterPoint Energy Inc
TIBX - TIBCO Software, Inc.
CRM - SALESFORCE.COM INC
RHT - Red Hat, Inc.
NKE - NIKE INC CL B
UNP - UNION PACIFIC CORP
PGR - PROGRESSIVE CORP
FMCN - Focus Media Hldg
SO - SOUTHERN CO
WYNN - Wynn Resorts LTD
KMB - KIMBERLY CLARK CORP
FNSR - Finisar Corporation
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Good luck to all,
AC
Labels: AAPL, GNBT, THQI