Stocks to watch on Friday July 20
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Genon Energy Inc (NYSE:GEN) - Technical chart is printing a strong
Bullish movement after stock has broken the 50-day moving average. The
next major resistance resides around the 1.90 price
region. Only a close above this level would suggest further upside. Previous resistance is now support and a good point of entry.
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Goldman Sachs Group, Inc. (NYSE:GS) shares are trading in a long sideway since May. I don't know what direction GS will take after being in a long sideway movement and I cant find any helpful tool that can indicate what way the price will go. At this moment, the MACD and RSI are losing some ground but both are still in neutral zones without any indication to sell. One of the weakness is KD where %K line is still below %D line and when the KD trend reversed it would be a great time to buy. Additionally, yesterday the stock broke below the 50 day MA and closed below the level. I'm neutral at the current moment. Stay on sideline.
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Fastenal Company (NASDAQ:FAST) has been on a remarkable run since last
week. The long term trend is turning positive as the stock is back above
200 day moving average. However, since RSI is approaching overbought
level there may be chance of short correction and for now $46 level will
be hard to break.
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InterDigital, Inc. (NASDAQ:IDCC) - Technical chart shows a nice bullish stochastics cross combined with a strong bounce off the 50-day MA. This chart tells you that the place to be in IDCC is on the long side.
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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.
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