These are the stocks that I will be watching on Friday
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There is a possibility of a break out in Elan Corporation, plc (NYSE:ELN) shares for the following reasons
- The stock has been trading within a steady short term uptrend
- The volumes on this stock are up as seen in the accumulation distribution chart
- The MACD is rising and still in the positive zone
- The RSI is still not showing the stock as expensive
- The stock is comfortably above the 200 and 50 day moving average.
- The volume chart from OBV has been on an upside.
At
this point and given the current stock levels, it is important for it
to break 14.80 level soon. On the other hand, a close below the 50-day
MA at 13.61 would turn the near-term bias bearish for a test of previous
support at 13.
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Amazon.com, Inc. (NASDAQ:AMZN) fell 1.91 percent, or $4.31, today to
close at 221.31. The overall outlook for the stock continues to remain bullish IMO.
Only a close below the 50-day MA will color the bars RED again and a possible change of the trend as well, otherwise we are heading for the strong resistance
zone 230-234.
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Career Education Corp. (NASDAQ:CECO) looks poised to break its 50-day MA
tomorrow and this is a major sign that we could see the stock make a
run over the next week much higher. From the technical daily chart above the MACD and KD both signal positive strength. Stay tuned !!
InterDigital, Inc.(NASDAQ:IDCC) also look great, it just broke a bull flag to the upside. $30.28 is an important resistance, that once broken, will set off a huge run up in stock, the 1st target would be $35 which is the high of April.
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InterDigital, Inc.(NASDAQ:IDCC) also look great, it just broke a bull flag to the upside. $30.28 is an important resistance, that once broken, will set off a huge run up in stock, the 1st target would be $35 which is the high of April.
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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.
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.
AC
