Stock Picks for Thursday August 16
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Jefferies Group, Inc. (NYSE:JEF) is currently trading in a tight flag and is certainly worth watching on a break of the flag. Fresh buy should be initiated only when the stock moves above $13.50
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InterDigital, Inc.(NASDAQ:IDCC) made a nice upside reversal today. The
technical chart above suggests that stock might find now resistance at
$33.08. Only a close above this level would suggest further upside. Both RSI
& MACD are bullish as the MACD continue to trend upwards and the RSI still above the 50% level. I'm long on this stock with a strong position and not afraid of the daily fluctuations.
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Sprint Nextel Corporation (NYSE:S) has proven its bullishness. In last trading
session, the stock has given a breakout by closing above $5 price level which has proved to be a strong resistance in past trading sessions. Today’s high was $5.49, which is resistance for the continuation move on Thursday.
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Electronic Arts Inc. (NASDAQ:EA) Look for a break above the 13.16 level to enter longs. From a technical standpoint the RSI is moving higher, which is a sign of growing
strength in the stock and the MACD still above zero line.
Keep a very close eye on the stock as it will move quickly once it
breaks through resistance.
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