Five trading ideas for Tuesday, Aug 28
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DDR Corp (NYSE:DDR) coming back for another test of resistance. Long over $15.16
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Tellabs, Inc. (NASDAQ:TLAB) is looking pretty good breaking out of a bull flag pattern on expanding volume. The MACD is positive and above its signal line and the RSI is also rising. Watchout for upcoming resistance at 3.71 which is the 200-SMA. I tweeted the potential breakout this morning.
Sarepta Therapeutics Inc (NASDAQ:SRPT) hit a new 52 week high and closed above resistance.
Dynavax Technologies Corporation (NASDAQ:DVAX) - Price has recaptured the 13-day moving average with a very strong reversal candle. Look for follow-through on Tuesday with increasing volume to confirm today's move.
Technical chart shows a nice bullish MACD cross combined with a strong bounce off the 13-day MA. I will be watching Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) to see if it can take out $110 with big volume.
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.
AC
( click to enlarge )
Sarepta Therapeutics Inc (NASDAQ:SRPT) hit a new 52 week high and closed above resistance.
( click to enlarge )
Dynavax Technologies Corporation (NASDAQ:DVAX) - Price has recaptured the 13-day moving average with a very strong reversal candle. Look for follow-through on Tuesday with increasing volume to confirm today's move.
( click to enlarge )
Technical chart shows a nice bullish MACD cross combined with a strong bounce off the 13-day MA. I will be watching Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) to see if it can take out $110 with big volume.
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.
AC
Labels: ALXN, DDR, DVAX, SRPT, TLAB
