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Thursday, July 19, 2012 

Stocks to watch on Thursday July 19

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Daily chart shows an ascending triangle in formation in Quanta Services (NYSE:PWR). Decreasing volumes & increasing RSI adds strength to the pattern in formation. The stock is a buy on a break above $24.25 if you are looking for a trade.

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Paychex, Inc. (NASDAQ:PAYX) hit a new 52 week high. Resistance is $33.4, which was Wednesday’s high of the day. The technical chart shows the stock is in a strong bull market both 50-day and 200-day moving averages rising and MACD above signal. Keep PAYX on your radar for Thursday.

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Juniper Networks, Inc. (NYSE:JNPR) made a strong upside reversal on Wednesday, printing a bullish engulfing candle on strong volume. The technical chart above suggests that stock might find now resistance at $16.5. I'm watching for a follow through move on Thursday. 

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Seagate Technology PLC (NASDAQ:STX) continues to show strength as the stock closed up $.76 on Wednesday. The short-term outlook is bullish. Fresh long should be made only when the stock closes above 28.

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.


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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.

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