-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Technical Stock Trading Alerts for March 14 » | Stocks Watchlist For Tuesday, March 13 » | Potential Long Setups for Next Week » | Stocks Watchlist For Friday, March 09 » | Five Swing Trade Setups to Watch » | Stocks to Watch on Wednesday, March 07 » | Five Momentum Stocks to Watch on Tuesday, March 06 » | Trade Setups to watch on Monday , March 05 » | Stocks Watchlist For Friday, March 02 » | Few trade ideas for the first trading day of March » 

Wednesday, March 14, 2012 

Setups Worth Watching

( click to enlarge )

Abercrombie & Fitch Co.(NYSE:ANF) - The stock finally broke out today after consolidating in rounding bottom formation over the last four months. The stock is expected to find its first resistance at 55.28, and a rise through could take it to the next resistance level of 56.84. We saw significant option activity on march calls today.

 ( click to enlarge )

Exxon Mobil Corporation (NYSE:XOM) is trading in a range between 87.50 and 83 for several weeks. As long as 83 support holds, the price action in the range could be treated as consolidation of the uptrend. On the other side, a breakdown below 83 will indicate that lengthier correction of uptrend is underway, then deeper decline could be seen to 82 area.

( click to enlarge )

WellPoint, Inc. (NYSE:WLP) - A break above the 68 level would give the stock momentum for a run to test the 70. A pullback to the 66 area would also be a great oportunity to buy on pullback for those who want to trade the swings.

 ( click to enlarge )

LSI Corporation (NYSE:LSI) broke out to all time highs accompained by a strong volume suggesting higher levels. The stock hit a high of $9.20 which is now resistance for Thursday’s follow through move.

( click to enlarge )

Sirius XM Radio Inc (NASDAQ:SIRI) - Looking for a rebound on this dip to support area. Decreasing volume in a pullback, as we are seeing here, signals profit taking instead of fresh selling. In other words, the stock just needs to shake the weak longs before climbing further, thereby staying in an uptrend.
 
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: , , , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google