Tuesday's Stocks To Watch, May 22 2012
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Apple Inc. (NASDAQ:AAPL) - The dip last week to $522 might have been an
amazing opportunity for investors to snag a few shares of one of the best stocks out there. From a technical standpoint, the rally is back again as %K line has just
crossed on top over %D line and stock is back above 10-day moving
average, a positive signal. The short-term outlook would remain bullish
as long as the price holds above the stop-loss level of $522. This
technical chart still looks like this reversal has more legs to it and
this rally could take the stock to $575 - $590 before months end.
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Groupon Inc (NASDAQ:GRPN) I would like to see this close over $13.71 before getting involved.
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When I alerted this stock to my twitter followers this morning, I felt InterDigital, Inc. (NASDAQ:IDCC) had a great chance of rallying. The stock closed with a gain of
5.24 per cent at 26.72 but still trading near 52 week lows and has
fallen dramatically from its peak levels. At some point, I think it will
post an impressive rally. Recent filings indicate institutions are
anxious to take advantage of the low share price. John Paulson's Paulson
& Co is now largest holder with 9.02% increased its stake 35% last
quarter. I suggest you keep this stock on your radar this year.
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IDCC Insitutional Holdings ( from Nasdaq listings)
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Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG) stock is up some 400% off its lows and showing no signs of stopping. Things to watch out for tomorrow is the $8.3 level acting as resistance and the gap formed between 5.85 and 6.2
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Pharmacyclics, Inc. (NASDAQ:PCYC) Broke out to new highs today on solid
volume. I think we will see some nice follow through tomorrow.
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Labels: AAPL, GRPN, IDCC, PCYC, ROSG
