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Wednesday, April 25, 2012 

Stocks Watchlist For Thursday, April 26

 
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Nice day for Zynga Inc(NASDAQ:ZNGA). I alerted this one on Twitter morning as a possible bounce play and the stock did what it was supposed to do, closing up 51 cents or 5.9% on the day trading more than 18 Million of shares. The stock hit a high of $9.19, which is resistance for Thursday’s move. ZNGA showed strength throughout the day and should continue this upside move. If the stock can break through this level, I expect to see another strong upside move to $9.49 and better. A stop-loss should be placed at $8.5

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Zagg Inc (NASDAQ:ZAGG) is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at 11.52. If this level is crossed and the stock is able to sustain above this level, then it might go to 14. The stock is a short squeeze candidate, with a short float at 45% (equivalent to 8 days of average volume). This stock can pop big time on any positive news.

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Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) hit a new 52-week high today, trading as high as $47.58, before settling at a close of $47,33. I'll be watching the stock on Thursday, looking for a follow through move. As long as the stock stay above $46, the bullish scenario still intact. Technical chart shows very strong bullish sign. First, the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is positive and RSI still show the stock is on the positive swing.

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Harley-Davidson, Inc. (NYSE:HOG) broke out and never stopped all day. There is a good chance the stock will continue to move up. Tight stops should be used. 

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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