Stocks Picks for Friday, February 24
( click to enlarge )
Airgas, Inc.(NYSE:ARG) - Continues to Breakout. Might pause but looking to add on any dip.
( click to enlarge )
Sigma Designs Inc (NASDAQ:SIGM) - Today's price bar was a possible reversal bar. The stock made a new low but closed up for the day and closed greater than the open. Momentum is decreasing and many technical indicator show bullish divergence with the price movement. Options traders have been focused on call options today. I bought the stock because I remain encouraged by their strong balance sheet with a high level of cash, no debt and high insider ownership level. The volume was good today right at some key resistance. If it can get above it, may run hard.
( click to enlarge )
InterDigital, Inc.(NASDAQ:IDCC) was one of the big winners on Thursday, as the stock traded up on their earnings. The stock broke 50 dma today. Other technical indicator such as MACD, is moving up showing positive momentum while KD line also show buy signal as %K line is on top of %D line. Nice upside near term here imo, 10-15%.
( click to enlarge )
Dendreon Corporation (NASDAQ:DNDN) - The stock has been in a downtrend the past few days, but could have found a bottom at these levels. Today, the stock was one of the few bright spots, as the stock closed up 71 cents on the day. If the stock can break through Thursday's high of $14.69, we should see a high volume upside move. I will watch the stock closely on Friday and buy once it breaks through resistance.
( click to enlarge )
Sequenom, Inc. (NASDAQ:SQNM) - The 50 dma has been following the stock for several weeks and it plays the role of a support. Each time the stock touched the 50 dma it immediately turned over and started a bullish move. Thursday’s high of $4.77 is resistance for the next upside move. If the stock can break through this level, we should see a strong move. SQNM can be a good trading stock, so keep it on your radar for the next few days. Oppenheimer has an Outperform rating and $9 price target on the stock.
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: ARG, DNDN, IDCC, SIGM, SQNM
