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Friday, May 04, 2012 

6 Stocks to Keep On Your Radar Next Week

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FormFactor, Inc. (NASDAQ:FORM) - The stock pulled back nicely today to support on its 200 sma at 6,17, giving me a convenient entry point. I still think there is another upside move coming soon.  Resistance stays at $6.75,which was Thursday's high. Keep watching the stock over the next few trading days.  

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Shares of InterDigital, Inc.(NASDAQ:IDCC), rose 5.67% to $27.75 per share after the company announced that its Board of Directors has authorized a new $100 million stock repurchase program. The technical chart above shows weak sign as the stock is still trading below 50-day and 200-day moving average with both moving average still falling. Another weak sign is MACD which is still below 0. On the other hand, ROC shows the stock is oversold and with volume spiked as %K line crossed on top of %D line this is probalby the time that the stock would finally reverse the downtrend. 

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Linkedin Corporation (NYSE:LNKD) traded higher today, after the company released strong earnings late Thursday. The stock hit a high of $120.63, which is resistance for the continuation move.  LNKD is still in bull market as 50-day moving average is still above 200-day moving average with MACD above 0.  For those who did not have a chance to buy the stock, any pull back is your buying opportunity.

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The Hain Celestial Group, Inc. (NASDAQ:HAIN) has made a new 52-week high of $51.77, after gaining 6.26% in today's trading. The 52-week range for HAIN is $26.10-$51.77. Although sentiment remains bullish , overbought conditions could see a corrective decline in the coming sessions. Immediate support is at $47.5-47.72 levels now. Looking at the technical chart the stock is trading above all of three major moving averages. Plus, the MACD is positive and rising. Nevertheless, there is a need for some profit-taking for some consolidation from these high levels.
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Netflix, Inc. (NASDAQ:NFLX) The near-term outlook is negative and a move to the 65-67 range appears likely. The technical daily chart shows the stock is in a bear market as it is way below of 200-day moving average and trading below its 20 and 50-day moving averages. In addition, since MACD is in negative territory as it has dropped below 0 this is not the time yet to buy the stock for long. Only a break above 83 would reinstate bullishness.

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Dendreon Corporation (NASDAQ:DNDN) Contrary to expectations the stock ruled strong this week moved closer to the resistance level of 12. Investors may remain invested with a stop-loss at 10.54 (on closing basis) as the stock appears to have the potential to breakout the target zone of 12. So far the technical chart is still showing buy signal with stock trading above 20 day and 50 day moving averages with MACD on top of signal line.

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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