Thursday's Stocks To Watch, May 31 2012
( click to enlarge )
Groupon Inc (NASDAQ:GRPN) - Daily chart shows a bearish pattern. Break and close below $10.90 will
favor the Bears for short term. But daily MACD is showing some
divergence in favor of bulls. For this to work, the stock price should
hold the support line and start to move up.
( click to enlarge )
Zynga Inc (NASDAQ:ZNGA) - On the daily chart, the stock sold off today and made a new low for the
current sell-off. ZNGA can continue going down, because there is no
supports below. Unless the stock can recover above $6 again, the
technical outlook for the stock will be bearish and we should reduce our
exposure. Hard to say how far down it will go, since that depends on
the strength of any selling.
( click to enlarge )
Morgan Stanley (NYSE:MS) MACD is showing positive divergence. If the stock price does not make new lows we may see an up move.
( click to enlarge )
Apple Inc.(NASDAQ:AAPL) closed at 579.17. The next resistance is at 580
and 588.35 respectively. The technical chart continue to show a bullish
bias. The MACD line is pointing up. RSI is also increasing and is now
above the 50% level. +DI is above –DI . Additionally, in the daily stock
is forming a Possible Inverted H&S pattern. This pattern is a bullish one so a rally could happen. Let's see if the stock
price will confirm it.
( click to enlarge )
DryShips Inc.(NASDAQ:DRYS) shares surged more than 3 percent
accompanied by a strong volume expansion. The price can move up to
2.51-2.6 in the short-term. Good base building around 2.17.
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.
Labels: AAPL, DRYS, GRPN, MS, ZNGA
Antonio is a great mind in the business, Special thanks for taking the time to share your views with us.
Posted by
Modern Pharaoh |
6:52 AM