Trade Ideas for March 28
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E Commerce China Dangdang Inc (NYSE:DANG) waiting for a break above the 8.55 level for a long position. The stock is up against a lateral resistance level and expected to break out. DANG just turned bullish on charts. The stock closed above its 200-day MA with high volume. MACD is positive and above the signal line. RSI is also moving up and above its 50% level. For Short Term, accumulate the stock below 8 for a target of around 10. DANG has very strong support at 7.33.
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After the breakout shares of Abercrombie & Fitch Co. (NYSE:ANF) have pulled back and is testing the break level. Expecting a bounce from this level and a breakout of the 54 level with a price target for the near term of 60. Stops on close below the breakout level 50.26.
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Zalicus Inc (NASDAQ:ZLCS) - At resistance level, will it break the downtrend line ? Biotech names have been active and some are giving buy signals. Look for a break above the 1.12 level to enter longs for a 1.4 price target in the near term. Short-term technical indicators are supporting the bulls. The MACD is perking up, CMF is moving up and RSI just crossed its 50% level.. I think the stock has room to go higher.
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Juniper Networks, Inc. (NYSE:JNPR) made a strong upside reversal today. The technical chart is displaying a screaming buy divergence on the upside. Expect an initial run up to $22.98 with a break higher moving to the 25 zone.
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Tellabs, Inc. (NASDAQ:TLAB) just reconquered the 20-day moving average, converting this key line back into support for the first time in over a month. MACD fast line just crossed above the slow line, giving the bulls the signal they wanted. In addition, Sto bounced off the edge of oversold about a week ago and is now back on the upswing .TLAB has momentum back on its side ! If we close above 4.08, we can run to 4.4 easily... Stay tuned !!!
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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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