Long Stocks Ideas
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Zagg Inc (NASDAQ:ZAGG) jumped up by 4.64% and closed at $10.59 with decent volume. Upside volume has been good lately and there are two levels to watch for a breakout: $11.64 and $12. The technical indicators are improving with increased accumulation. Keep ZAGG on your radar !!!
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Dendreon Corporation (NASDAQ:DNDN) pulling back to support level. I like the technical chart for this stock and expect to see another upside move soon. Keep an eye on DNDN and monitor its volume, RSI and MFI for any potential breakouts. If the stock can manage a breakout above its psychological resistance line at $17 on high volume, it would be a great buying opportunity, but only on a breakout. The Money Flow Index indicator is showing that there is more money flowing into a security that out of the security. You want to watch the stock closely as DNDN can move quickly and you want to be ready for this move once it happens.
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I have been watching O'Reilly Automotive, Inc. (NASDAQ:ORLY) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels. The technical indicators are improving significantly. The slow stochastic has moved to near the 50% level and the RSI is above the 50% level. I'm a buyer of ORLY once it breaks $85.32 for a possible breakout move. ORLY could have good upside potential, so watch the stock closely this week.
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Keep an eye on this mini bull flag on Cosan Limited (NYSE:CZZ).
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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.
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AC
