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Monday, March 12, 2012 

Stocks Watchlist For Tuesday, March 13

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Under Armour Inc (NYSE:UA) had a strong move today, as the stock set new 52-week highs.  The stock hit a high of 95.82, which is resistance for the follow through move. The technical chart shows the stock is in a bull market rally as MACD is on top of signal line and moving upwards. In addition, the medium term trend is also bullish as the stock is above 50-day and 200-day moving averages with both moving averages going up.

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Elan Corporation, plc (NYSE:ELN) has entered into a consolidation phase after rising very fast in the past few days. The bias remains bullish in nearest term. Immediate resistance remains at 13.21. Break above that level could trigger further bullish momentum towards 14 area. Initial support remains at 12.66 ( 20-day moving average ).

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We are on the verge of a possible breakout in the shares of Camelot Information Systems Inc (NYSE:CIS). The stock tried to break out on Monday, but the weak market pulled the stock down from its high on the day. The stock hit a high of 2.98 which is now resistance for Tuesday’s follow through move. I expect to see a strong upside move if CIS can break through this resistance level. Daily chart also indicates bullish sign as the 20-day moving average has crossed above 50-day moving average with KD going up and MACD in positive territory. Watch the stock closely on Tuesday.

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Tesla Motors Inc (NASDAQ:TSLA) - On the daily chart stock broke the neckline of Inverse Head and Shoulder pattern with good volumes. Oscillator depicts bullishness with RSI continuing their upside trend. Watch the stock closely tomorrow and once it breaks 36.29, get ready to jump in and buy 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.

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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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