Stocks on Watch for the 11th of April
( click to enlarge )
Alcoa Inc. (NYSE:AA) climbs in after-hours after the company released
better then expected numbers. The company said it earned $94 million, or
9 cents per share, during the first three months of the year. Revenue
was near flat at $6 billion. Following the investors reaction in the
extended trading, we should see a gap up tomorrow morning. It will be
important an interesting also, see if stock will have legs to close
above $10.18 ( 50-day MA ) in the next few days because it has been a key
resistance for Bulls.
( click to enlarge )
DryShips Inc. (NASDAQ:DRYS) - The stock closed right at its 200-day MA,
so we will see if the stock holds the position for a bounce.
( click to enlarge )
Bank of America Corp (NYSE:BAC) - The 50-dma should offer decent technical support. Note well that stochastics are now oversold and are supportive of a bounce-back.
( click to enlarge )
Renren Inc (NYSE:RENN) was a nice winner for my subscribers. We had a
momentum breakout today. A pullback in the stock should be considered a buying
opportunity as it is clearly above its 20-day moving average. Support is
5.39. Resistance 6.2
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.
