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Thursday, February 09, 2012 

Stocks to Watch Friday

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Zagg Inc (NASDAQ:ZAGG) is consolidating near the resistance level $11 on low volume since the move up. It would be very attractive as a long candidate if it holds its ground here and then turns higher. MACD is still on the positive zone. RSI is still at high 60s. Accumulation/Distribution chart is still on the upmove and the stock is comfortably above the 50 and 20-day moving average. I'm long on ZAGG and I will add more shares on a move above $11, with the expectation of a continued rise to $12.

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Apple Inc. (NASDAQ:AAPL) - Breaking out to new highs. The stock has been hitting higher highs and higher lows amongst strong RSI price points. In fact the RSI is showing multiple points of overbought periods. The stock has been on a strong bull market rally as %K line has been on top of %D line with stock trading above 50 day and 200 day moving average and MACD above 0. For the long term the stock should still continue to go up. You want to keep AAPL on your screen for Friday’s trading.
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FormFactor, Inc. (NASDAQ:FORM) was one of the winners on Thursday, as the stock closed up 20 cents on the day with huge volumes. The stock traced out a nice setup and the upside breakout has some power. I'm going to keep an eye on it and see how it reacts tomorrow. The outlook is positive and a move to 6-6.21 appears likely.

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Alpha Natural Resources, Inc. (NYSE:ANR) - The stock broke out the symmetrical triangle recently with high volume and followed by retracement of 2 days. The action in this stock is bullish. If we see follow-through tomorrow, it might run hard. Still on my top list. 

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Just one more push to change the trend. Sirius XM Radio Inc. (NASDAQ:SIRI) had a great move on the upside today and closed at $2.19. The stock is setting up to break out and has one more level to go, which is $2.20. The stock has good upside potential, so keep watching the stock for further moves.

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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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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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.

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