Friday's Stocks To Watch, Aug 24 2012
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What an amazing day for Rosetta Genomics Ltd. (NASDAQ:ROSG). The stock
closed up 34.4% on strong steady volume. Earlier this week I alerted you via Twitter at 4.28 and it was also on blog ( Tuesday's Stocks to Watch ) that the stock has developed a new
uptrend after recent retreats and a close above $5 would confirm
the positive outlook ! Congratulations to those who paid attention. Now,
the good news is that the build up in volume and upward price movements
are getting traders excited for Friday's action ! Technically speaking,
many of Rosetta Genomics indicators are looking even stronger, so watch
for the upward directional pattern continue as the technical indicators
suggest a further uptick.
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Zynga Inc (NASDAQ:ZNGA) looks like it has successfully tested the
breakout area around 3.18 and wants to go higher. I still believe that
shares have room for a significant uptick beyond these levels.
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PulteGroup, Inc.(NYSE:PHM) is close to attempting another breakout. This
strength is confirmed by price movement as well as two momentum
indicators. MACD and RSI show buy signal as MACD is above signal line
and RSI still above its 50% level. At this stage I think the market is waiting for
fresh news to define the short-term trend of the stock, however if it breaks above
$13.91 then that is a bullish sign as higher prices.
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Xinyuan Real Estate Co., Ltd. (NYSE:XIN) - Stalking as a potential swing long above 3.06.
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Apple Inc.(NASDAQ:AAPL) Despite a nice rally on Wednesday the stock
failed to follow-through and ended the day on a down note. The $650
level is the intermediate support and more conservative traders may want
to wait for a breakdown under $639 before initiating short positions.
However, as long as the stock holds above its 13-SMA, the trend would be
bullish and a move to at least $700 would be a distinct possibility.
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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.
Labels: AAPL, PHM, ROSG, XIN, ZNGA
