Five New Technical Setups to Watch
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USG Corporation (NYSE:USG) - Broke out to new highs today after consolidating for last 3 months. All moving averages are below turning up for support. I like this for a swing trade.
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QUALCOMM, Inc. (NASDAQ:QCOM) - Indicators are calling for a Powerful Breakout. The MACD just gave a crossover buy signal. Keep the stock on your radar since it could make a solid move upwards.
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Cabelas Inc (NYSE:CAB) traced out a nice setup and the upside breakout has some power. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in CAB, so keep it on your radar the next few days.
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Nokia Corporation (NYSE:NOK) stock showed buying strength all day. The 5.26 - 5.3 area is a critical resistance region that can determine overall bias for the stock in short-term. Keep an eye on these levels. On the daily time frame the technical chart shows mix signal as KD shows rally's coming with %K line rising on top of %D line, while MACD show weakness with MACD and signal below zero. For bigger reward now might be the perfect time to take some risk and buy the stock.
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FormFactor, Inc. (NASDAQ:FORM) - Fundamentals are strong are technicals are improving, holding the 50 SMA, all positive.
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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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Labels: CAB, FORM, NOK, QCOM, USG
