--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | Stocks to Watch Friday » | Trade Ideas for Thursday Feb 9 » | Long Stocks Ideas » | Bullish Stocks to Watch for Tuesday » | Five new Setups To Watch Next Week » | Hot Solar Stocks To Watch » | Some stocks to watch for Thursdays session » | Momentum stocks to watch tomorrow » | SmallCap Stocks to Keep an Eye on Tomorrow » | Solar Stocks to watch in the week ahead » 

Saturday, February 11, 2012 

Five Interesting charts to watch next week

( click to enlarge )

This stock caught my eye last month when price broke out of a solid looking chart pattern near 9.25/share and have been watching patiently ever since. Zagg Inc (NASDAQ:ZAGG) is setting up in a nice pattern after it recently broke through resistance and is showing signs of support around $10/share as well as sitting on the 10 MA. Short term profit target for this stock is my next resistance point around 11.60. For now, technical indicators are supporting the bulls. MACD is positive and above the signal line. RSI is above its 50% level and CMF is also positive. As I said before,  I'm long on ZAGG and I will add more shares on a move above $11.

 ( click to enlarge )

Apple Inc. (NASDAQ:AAPL) had a huge rally over the past several days on heavy volume. The stock is displaying a strong upside momentum again. Nearest resistance for the stock is the psychological level of $500. If this level is crossed and the stock is able to sustain above this level, then it might go to $520. On the downside, the stock has support at $480. The stock is currently in a new uptrend. The technical daily chart is showing a strong bullish bias. On Balance Volume is increasing, indicating accumulation of shares in the market and MACD is indicating upward swing. Watch AAPL closely on Monday.

( click to enlarge ) 

JDS Uniphase Corporation (NASDAQ:JDSU) has an awesome looking stock chart  price broke out from the horizontal resistance mark around $13.70 on heavy volume, signifying this is a legit breakout and this bull move will continue.

( click to enlarge ) 

Pharmacyclics, Inc. (NASDAQ:PCYC) has been making a huge run in 12′ starting off the year around $15 and currently closed at its all time high of 23.23 Friday, accompanied by a good volume suggesting higher levels. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days. 

 ( click to enlarge )

Akorn, Inc.(NASDAQ:AKRX) hit a new 52-week high on Friday, trading as high as $12.50, before settling at a close of $12.48. I'll be watching the stock on Monday, looking for a follow through move. As long as the stock stay above $11.77, the bullish scenario still intact. Technical chart shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is rising above "0" also indicating a buy. In addition, KD line still show the stock is on the positive swing.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time. 

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.

Thanks for visiting AC Investor Blog.

AC

Labels: , , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google