Five stocks for Tuesday's trading
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Today's chart of the day is America Movil SAB de CV (NYSE:AMX). What I
like about this stock is the relative performance it has exhibited in
the last few days with respect to the overall markets. AMX's chart
pattern continued its bullish fervour today, making another new high of
$28.47 accompained by a strong volume suggesting higher levels. The
technical chart still showing a bullish bias. The bulls may continue
their domination but you should be prepared for a possible correction
due to the overbought state on momentum indicators.
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Pacific Biosciences of California (NASDAQ:PACB) - From the chart above I saw a possible double bottom forming with MACD
bottoming. Although the bottoms are not equal, they represent rejection
from going below 2.25. The fast Sto is just turning up, giving positive signal. The MACD is
also turning up, showing good signal and confirming the Sto. The RSI
indicator is increasing, providing an advancing of uptrend incentive.
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Today was another good day for Affymetrix, Inc. (NASDAQ:AFFX). The stock
finished the day up 6% on huge volume of over 1.5 Million of shares
traded and is already up more than 9% since my initial alert on twitter.
From a technical standpoint, the MACD momentum has turned positive and
Stochastic are on a strong uptrend which when combined with the
strengthening MACD could spell a strong move for the stock. The stock is
beginning to turn and I want you to be able to see as much of this move
as possible.
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Avis Budget Group Inc. (NASDAQ:CAR) - Old alert, 16.97 break out.
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Citigroup Inc.(NYSE:C) stock had a nice move closing the day at $31.67.
The stock seems to want to bounce off the 200sma again and the increased
volume shows there were buyers in the stock. I'm looking to buy the
stock above today’s high of $31.98 and we could see a nice quick pop
above the $33 price level. Let's keep an eye on C as i think momentum
will pick up.
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Labels: AFFX, AMX, C, CAR, PACB
