Top 4 Setups for Tuesday
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Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week high, trading as high as 59.85, before settling at a close of 59.12. I'll be watching the stock on Tuesday, looking for a follow through move. So far the technical daily chart is still showing buy signal with stock trading above 50-day and 200-day moving averages with MACD on top of signal line and %K line on top of %D line. Any drop just means better buying opportunity.
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VIVUS, Inc. (NASDAQ:VVUS) - Broke out of the flag today. Low volume but technicals look good. As long as the stock holds above the 20-dma support the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $21.68, with a stop-loss at $20.
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Zagg Inc (NASDAQ:ZAGG) had a nice surge a few weeks ago and has been consolidating that move since then. The stock is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at 10.46. If this level is crossed and the stock is able to sustain above this level, then it might go to 11.73. The stock is a short squeeze candidate, with a short float at 48% (equivalent to 6 days of average volume). This stock can pop big time on any positive news.
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XenoPort, Inc.(NASDAQ:XNPT) was one of the stronger stocks on Monday, as the stock closed up 17 cents on 2x normal daily volume. The stock hit a high of $4.44, which is resistance for Tuesday’s move. XNPT showed strength throughout the day and should continue this upside move. On the technical side, the chart looks very good here. The stock broke through $4.25 resistance and closed above its 50 MA. Stochastics and the RSI are now bullish signalling that sideways to higher prices is possible near-term. MACD crossing over. The price can easily move up to 4.50-4.85.
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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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