( click to enlarge )
Hello Folks !! I'm back from my Easter vacations and ready to keep blogging for your
reading :D During today's trading session I was scanning some charts and I stumbled
upon Las Vegas Sands Corp. (NYSE:LVS), whose stock has shown remarkable
strength over the last four months. The stock made a new 52 week high
this afternoon and was one of the big winners on Monday, closing up
$1.86 on the day. LVS traded heavy volume as it hit a high of $60.85. This high is resistance for Tuesday’s continuation move. The technical chart still showing that the stock is in
a bull market rally as MACD is on top of signal line and %K line is on
top of %D line. 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. The stock needs to stay above the 20-day MA to keep
the short-term outlook positive.
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Molycorp, Inc.(NYSE:MCP) looks to be setting up for an upside move, as
the stock has held up well the past few days. MCP stock is in the top of
a short-term trading range. Resistance is $35.6. At this stage it is
definitely a wait and see if the resistance will be easily taken out by
the bulls. Stay tuned.
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FormFactor, Inc. (NASDAQ:FORM) - Today, DA Davidson initiated the stock with a "Buy" rating and a price target
of $12. Technically the stock is holding up nicely above the key support
of $5 in this weak market environment. It has a good base which can be
used as a stop loss for long position. On the upper side, the move is
likely to accelerate above $5.5. Short-term investors can hold the stock
as long as it trades above $5.
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Liquidity Services, Inc. (NASDAQ:LQDT) broke out today and traded nearly 2x normal daily volume. The stock
has the potential to make a big run on Tuesday, so keep a close eye on LQDT and don’t miss the trade.
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Wynn Resorts, Limited (NASDAQ:WYNN) - The daily chart shows a bullish falling wedge on low volume. Watch for a
break of 125-126 that could mark the beginning of the next
uptrend. We just need the volume to pick up.
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: FORM, LQDT, LVS, MCP, WYNN
