Possible Long Setups for Tomorrow
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Simon Property Group, Inc (NYSE:SPG) broke out to new highs today on
1.5x the daily average volume. The short-term uptrend is intact and
signals further bullishness on this stock. Buy the stock in dips with
tight stop-loss at $140.
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On the radar. Bottom play. XenoPort, Inc. (NASDAQ:XNPT) gave us a nice
move today, which could be the start of a bigger move. The stock
reversed most of the prior week's loss and regained the 50 day MA on
decent volume. I'm using today’s high of $4.35 as resistance for
Tuesday. A break above that area could trigger further bullish momentum
and keep the bullish scenario intact. I bought the stock because I
remain encouraged by their strong balance sheet with a high level of
cash, no debt and high institutional ownership level 87% Bullish.
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POZEN Inc. (NASDAQ:POZN) cleared resistance on expanding volume and looks ready to extend it's gains. Keep on watch list.
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Research In Motion Limited (NASDAQ:RIMM) was one of the winners today,
as the stock closed up 53 cents on the day with huge volumes. I'm going
to keep an eye on it and see how it reacts tomorrow. The outlook is
positive and a move to 13.86-14.15 appears likely. Note, the daily chart displays a positive MACD divergence.
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This is not an investment advisory,
and should not be used to make
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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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AC
