5 swing trade ideas to watch
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XenoPort, Inc. (NASDAQ:XNPT) stock bounced off the 50-day moving average
again on Tuesday, closing at 6.43. The technical chart looks bullish as
the stock is trading above 50-day moving average and the 50-day MA
crossed above 200-day MA recently. Any pullback to the 50-day moving average
would be a buying opportunity. Watch for a breakout over 6.75
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Cisco Systems, Inc. (NASDAQ:CSCO) broke down today under support at
$15.85 on strong volume. First support is now located at 14.73 with
stronger support down at 14.49. Technical indicators signal a negative momentum for the stock.
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Zynga Inc (NASDAQ:ZNGA) closed right at the 13-day moving average, a
close below this level would be bearish. There is
strong support between 4.72 and 4.75, so I would not be to concerned on a
further correction unless the stock closes below 4.72. ZNGA stock won't
really start to move until it closes back over the 20-day moving
average.
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Canadian Solar Inc. (NASDAQ:CSIQ) broke down through 2 support levels
Tuesday. The
shares closed below the 20 and 50-day moving averages. The stock needs to regain the 3.38 mark to recover its bullish tone and attempt a retest of the 4 level.
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InterDigital, Inc. (NASDAQ:IDCC) still acting well in comparison to the
rest of the market. Definitely one stock to watch when we eventually
stabilize. The chart indicates bullish sign as the 20-day moving average has
crossed above 50-day moving average with KD going up and MACD in
positive territory.
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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.
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Labels: CSCO, CSIQ, IDCC, XNPT, ZNGA
