( click to enlarge )
E TRADE Financial Corporation (NASDAQ:ETFC) is flagging here. If it breaks $8.62 it will absolutely fly into the 9's right away. Watching for another pop on this one.
( click to enlarge )
A nice recovery for this stock from 2.20 last week to 3.63 yesterday.
Pizza Inn, Inc. (NASDAQ:PZZI) is now overbought and may need to work
this condition before heading higher again, however history has shown
that stocks can run overbought for quite some time with a bullish MACD.
Resistance for Tuesday’s move is $3.94, which reflects Monday’s high of
the day. I will watch PZZI closely today for this continuation move.
( click to enlarge )
Viropharma Inc (NASDAQ:VPHM) Look for the break above the 24.92 level to enter longs.
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Sprint Nextel Corporation
(NYSE:S) has been in an upwards trend the past few weeks and looks ready
to continue this move. The stock is worth watching today especially if
the market shows strength. Resistance is $5.09, which reflects Monday’s
high of the day. The technical chart above also looks pretty good as
the golden cross has formed late June, RSI is around 80 and MACD is
above 0. There could be profit taking as S seems to rise too quickly in a
short time. However now that the stock is in breakout mode, we should
see the trend continue to be upward. Keep the stock on your radar for
Tuesday’s trading session. The stop loss should be placed few cents
under the support $4.60.
( click to enlarge )
Tesoro Corporation (NYSE:TSO)
hit new highs of $39.23 on Monday, which is resistance for the follow
through move on Tuesday. If the stock can break through highs, we
should see another high volume move as the stock moves higher.
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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: ETFC, PZZI, S, TSO, VPHM
