Thursday's Stocks To Watch, May 24 2012
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From $2.4 to $11.47 in six days. I posted ROSG for my readers and twice
for my twitter followers. Today the stock rose more than 51% hitting a
high of $11.47. Congratulations to those locking in some profits on this
stock. I sold for a gain of 28% in 3 days' time.
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Apple Inc. (NASDAQ:AAPL) is in a good short-term uptrend. The
price has bounced off the low of $522 touched on Friday. If you have
purchased at lower levels and are sitting on meaningful profits, hold
with a stop at $550. The price can head towards the 590-591 zone. If
this zone is surpassed, getting to $600 would be a possibility. From a
technical standpoint the chart shows the stock is now back to new rally
as %K line is back above %D line. With ROC still at low there is rooms
for the stock to go up.
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Hewlett-Packard Company (NYSE:HPQ) is trading higher after hours, as the
company released strong earnings. Right now, the technical chart is in a
bearish mode and it's really hard to tell until when it would be. Key
resistance is now located at 22.85, a break above this level will
confirm a new bullish trend and the following uptrend will take price up
to 24-25 zone.
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Career Education Corp. (NASDAQ:CECO) - Today's huge intra-day reversal
suggests that we're literally seeing that the trend is changing.
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XenoPort, Inc.(NASDAQ:XNPT) made a strong run the last hour of the day, closing near the highs of the day at $5.87. The $5.95 level is a huge obstacle for this stock. If the stock can break through this level, buy the stock and watch it take off. In additon, there is plenty of accumulation on daily chart.
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Pharmacyclics, Inc. (NASDAQ:PCYC) has been on fire this week. Posted
this setup on Monday and its been up over 10% since then. Looks to be
getting a little overbought here. Lets see
if it can keep running to end the week off.
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Labels: AAPL, CECO, HPQ, PCYC, ROSG, XNPT
cool site. I'm a 24 year old "trader", been in the game for a few years.
what's your take on ROSG? market cap-wise, it's quite undervalued. chart-wise...it's definitely approaching overbought territory. earnings are slated to be released this friday, and judging by previous quarters, it shouldn't be anything spectacular. do you expect the overbought conditions, coupled with a lousy earnings report to cause the stock to finally correct?
or, perhaps the poor quarter is to be expected from people who realize that the inherent value is in FUTURE sales, not current ones?
thanks!
Posted by
Anonymous |
2:23 AM