Stocks Picks for Friday, February 17
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Microsoft Corporation (NASDAQ:MSFT) is breaking out. I'm buyer of MSFT once it breaks through today’s high of $31.55 for the continuation move.
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InterDigital, Inc (NASDAQ:IDCC) - The stock crossed its 20-day moving average and closed up $1.31 at $38.95. The momentum indicators are attempting to turn up from oversold levels. The technical daily chart above shows new rally has just begun as %K line has just crossed on top over %D line. In addition, MACD Crossed up. Fast line crossed the slow line from down to up. The stock has now a resistance at $40.71. If the stock is able to cross it, then it might go to $42.76.
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Intel Corporation (NASDAQ:INTC) - Still loving this setup. Buy point would be on the day it blows through $27 on heavy volume.
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Uranium Energy Corp. (NYSEAMEX:UEC) has a very interesting daily chart and could have a bigger move soon. Resistance for this move is $4.23. The technical chart looks really bullish as the stock is trading above 50-day moving average and the 50-day MA crossed above 200-day MA recently. Heavy volume on up days. Worth watching for a breakout.
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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
