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The Gap Inc. (NYSE:GPS) stock embarked on another leg of the bull rally
that took it to a new high of $27.66 today on rising volumes. Technical indicators are supporting the bulls. The stock is still on a strong bull market
with 50-day moving average on top over 200-day moving average and MACD
is above signal line. Today’s high was $27.66, which is resistance for the continuation move on Thursday. If you haven't added GPS to your watchlist, now is the time.
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Verisign, Inc. (NASDAQ:VRSN) continues to show strength as the rise in
volume confirms the price uptick. This stock is clearly in an impulsive
wave upwards. If you are on board, there is nothing more to do but enjoy
the ride.
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Tibco Software Inc. (NASDAQ:TIBX) Nice break on strong volume, like the OBV trend, RSI has space to move up more.
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Family Dollar Stores, Inc.
(NYSE:FDO) had a huge breakout day on heavy volume. The stock hit a high
of $67.15, which is now resistance for Thursday’s continuation move. If
the stock can break through resistance, we should see another strong
upside move. FDO will move very quickly, so watch the stock closely
tomorrow.
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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
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AC
Labels: FDO, GPS, TIBX, VRSN
