( click to enlarge )
TiVo Inc. (NASDAQ:TIVO) broke a bull flag higher this week with rising
volumes after consolidating for two weeks. $9.95 is an important
resistance that once broken will set off a huge run up in TIVO shares,
the 1st target would be $11 which is the highs of May.
Look at the Technical Chart :
- The volumes on this stock are up as seen in the accumulation distribution chart
- The MACD is rising and still in the positive zone.
- The RSI is still not showing the stock as expensive
- The stock is comfortably above the 50 and 20 day moving averages.
- The volume chart from CMF has been on an upside, more buying than selling pressure.
- The stock now has technical momentum and a positive trend on its side.
At
this point and given the current stock's technical factors, the Bulls
definitely have something to be excited about. There is a lot of room on
the upside. In addition, the short interest ratio is 7.3 which could be
a positive catalyst if this rally continues. Support is 8.72.
Resistances is 9.95.
( click to enlarge )
Shares of General Motors Company (NYSE:GM) closed up 3.19 per cent at
22.01 with increasing volumes. Long positions can be considered with a
stop loss of 20.86 on daily closing basis. Initial targets are 22.63 and
23.34.
( click to enlarge )
Nice breakout on Zions Bancorporation (NASDAQ:ZION) with decent volume,
positive MACD. Fresh exposures may be considered on price weakness, with
a stop-loss at $18.83. A close above $20 may be used to enhance
exposures.
( click to enlarge )
Wynn Resorts, Limited (NASDAQ:WYNN) The MACD-Histogram has been sloping
up and the MACD fast line and RSI are both rising, indicating
bullishness. Watching over $107 for a trade.
( click to enlarge )
Magnum Hunter Resources Corp (NYSE:MHR) - A break of 4.48 should spike
it to the 200-day moving average at $5.15. I will be watching very
closely for news or unusual volume. The stock looks like it wants to
run.
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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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AC
Labels: GM, MHR, TIVO, WYNN, ZION