Stock Trade Ideas for Wednesday, June 13th
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Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) Broke out today on good volume. No resistances above. If you are on board, there is nothing more to do but enjoy the ride.
A quick look at the technical chart :
1) QCOR is currently moving up with heavy volume
1) QCOR is currently moving up with heavy volume
2) MACD lines are going up
3) RSI still above the neutral 50 level at 74, buyers strength still persists.
4) Money Flow Index still climbing.
5) The +DI crossed up through the -DI this month, Bullish
6) OBV still climbing.
7) The accumulation/distribution indicator shows the stock is under accumulation3) RSI still above the neutral 50 level at 74, buyers strength still persists.
4) Money Flow Index still climbing.
5) The +DI crossed up through the -DI this month, Bullish
6) OBV still climbing.
So, keep QCOR on your radar!
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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) continues to perform strongly
and appears poised to test the $8 level. I took profits today, sold my shares at 7.60 with a 12% gain, will get back
in later. These gains are really significant and represent substantial profit for
not only me but also for my twitter followers and subscribers who took advantage of my alert early.
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JPMorgan Chase & Co. (NYSE:JPM) made a strong upside reversal today. The technical chart
is displaying a screaming buy divergence on the upside. Expect an
initial run up to $34.5 with a break higher moving to the 36 zone.
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I'm looking to
see Trina Solar Limited (NYSE:TSL) stock re-test its May highs shortly. The MACD is increasing
and the stock price has regained its position above the 50-day MA. The
nearest trend is in favour of Bulls and TSL has room to go higher. If
the stock can break through $7, we should see strong volume drive the
stock higher. Also watch out for other resistance levels at $7.79 which
is the 200-day moving average.
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FormFactor, Inc. (NASDAQ:FORM) Uptrend line intact and holding. Keep on
watch list poised to clear back above 50-day and 200-day moving
averages. Over 5.77, next stop 5.83 then the run to $6.20.
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It looks like Feihe International (NYSE:ADY) stock is starting to turn
back up and indicators are giving the first bullish signs. The daily
MACD is near to giving a new buy signal and the Histogram is near to
zero line. The stock needs to take out resistance at the 5 area and its
50-day MA to continue higher. Keeping it on the list.
Labels: ADY, ARNA, FORM, JPM, QCOR, TSL
