Top 6 stocks ideas for next week
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Today's move created a number of technical analysis buy signals.
The stock was consolidating between 30&31.61 for last 1 month and
made a breakout of its previous high on very high volumes. The chart
also shows a bullish MACD crossover, the RSI is moving up and above its
50% level. Microsoft Corporation (NASDAQ:MSFT) stock is now testing the resistance
level. Look for a break above the 32.95 level to enter longs for a
target move to 35. If the stock does not breakout and pullsback look
for an entry near the 50 DMA ( Blue line).
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Towerstream Corporation (NASDAQ:TWER) The 50 day MA on daily is still acting as support. Could be a high flyer on breakout, look for break above 4.80 to enter longs.
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Under Armour Inc (NYSE:UA) After drifting for weeks, the stock finally
broke out of a consolidation today and reached a new 52-week high. Today’s high was $102,86, which is resistance for the follow through
move. If the stock can break through this level, expect to see heavy
volume drive the stock higher.
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Amazon.com, Inc. (NASDAQ:AMZN) The stock is now trapped between 190 and
195 levels. Long positions can be considered with a stop loss of 184.90
on daily closing basis. Targets are 200 and 206. Watch to see what it does here.
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There has been a persistent decline in First Solar, Inc. (NASDAQ:FSLR) shares since mid of February tempered with short-lived and unconvincing rallies. From the technical chart the short-term trend is still weak as the stock is still below its 50 and 200-day moving average. The stock needs to close above $22.89 in order to alleviate the negative near term view. Next support is at $20.60, followed by $20.02.
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Dendreon Corporation (NASDAQ:DNDN) had another very productive day as we
saw gains of over 3% and I believe it has more room to run. The
short-term outlook remains positive for the stock. DNDN finds an
immediate resistance at 10.74 and support at 9.88 followed by 9,72.
Labels: AMZN, DNDN, FSLR, MSFT, TWER, UA
