-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stocks to watch on Friday, Jun 08 » | 6 Interesting Charts To Consider » | Charts on Watch for Wednesday June 06 » | Trade Setups To Watch on Tuesday , June 05 » | 6 Trade Setups To Watch next week » | Trade Setups To Watch on Friday , June 01 » | Thursday's Stocks To Watch, May 31 2012 » | 6 Swing Trade Setups to Watch on Wednesday May 30th » | Put these stocks on your watch list for Next Week » | Friday's Stocks To Watch, May 25 2012 » 

Friday, June 08, 2012 

Five Swing Trade Setups to Watch Next Week

( click to enlarge )

As I discussed on Friday of last week the most recent pullback was a great buying opportunity. Shares in Pharmacyclics, Inc. (NASDAQ:PCYC) closed the week with a new all-time high over 40, closing up $2.76 to 39.49, on strong volume of 2.1 million shares trading hands. Chart is Bullish but a pullback would be nice.

( click to enlarge )

Apollo Group Inc (NASDAQ:APOL) is perking up with good volumes after a decent consolidation period. The stock closed the week above the 50-day MA for the first time since February. A move beyond 35.29 will take it to 36.25 and 37.36. Stop loss is 32.50 on daily closing basis. Like the MACD trend, RSI and MFI trending higher. 

 ( click to enlarge )

Sodastream International Ltd (NASDAQ:SODA) - Closed right at the 200-day sma. If it can get above it, may run hard.  The MACD is rising and the RSI is suggesting a continuation of the uptrend. Considering the above, I will watch out for 35.36 which is the key level for next week.

 ( click to enlarge )

Zynga Inc (NASDAQ:ZNGA) continues to trade below its key DMA's. The MACD is in the negative and is showing some signs of rising, however the Parabolic SAR continues with its sell signal. Above 6.36, I will open long positions with an initial target of 6.88. 

 ( click to enlarge )

As I discussed yesterday, the up and above direction on the shares of Zalicus Inc(NASDAQ:ZLCS) continued unabated. The stock is trading well above all its key DMAs, indicating that the up trend is still intact. It now reached overbought conditions so at these levels we should have some cautions. The stochastics are also deep in the overbought zone, and a mild correction cannot be ruled out at this stage. However, I will wait for a reversal signal to actually happen before I take that view. The Parabolic SAR continues with its buy signal. Above 1.36, I will open fresh long positions with an initial  target of 1.54. 

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.  

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.


Labels: , , , ,

Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google