6 Interesting Charts To Consider
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Shares of Zynga Inc (NASDAQ:ZNGA) finally rebounded on heavy volume. Gonna have to watch it carefully now tomorrow
to see if we've hit bottom and should grab some for the ride back up.
Morgan Stanley (NYSE:MS) The stock broke out a major resistance level and I expect another strong
move tomorrow. Today’s high was $13.99, which is resistance for the
follow through move on Thursday. If the stock does break
resistance, expect to see another strong upside move. Looking at the
technical chart there looks to be more room in this move, so watch the
stock closely over the next few days.
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Today Career Education Corp. (NASDAQ:CECO) has attempted to breakout of
the major resistance but closed right at the resistance level. Breaking out of $6.98 resistance on a close basis at high volume will be
deemed as a bullish signal and could result in further upside. Both RSI
and MACD are bullish as MACD continue to trend upwards and the RSI is
now above the 50% level. I'm long on this stock and not afraid of the daily fluctuations, I'll be rewarded in the long run.
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Bank of America Corp (NYSE:BAC) has made an awesome move today breaking
out of the recent swing high with volume backed confirmation. The next resistance that it should try to respect is at 8.11.
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Dollar Tree, Inc.(NASDAQ:DLTR) has an interesting formation on its daily
chart, as the stock looks to have broken an inverted head and shoulders
pattern combined with a new 52-week high and should push nicely higher
over the next sessions.
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Zalicus Inc (NASDAQ:ZLCS) Could be flagging before next move up. On watch.
Labels: BAC, CECO, DLTR, MS, ZLCS, ZNGA
