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Tuesday, April 10, 2012 

Stocks on Watch for the 11th of April

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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.

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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.

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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.

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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.

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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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