These are the stocks that I will be watching next week
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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.
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.
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.
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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.
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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.
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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.
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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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Labels: GM, MHR, TIVO, WYNN, ZION
