6 Bullish charts to watch next week
Rambus Inc.(NASDAQ:RMBS) just turned bullish on daily charts.. The stock is currently trading just below its 200-day SMA and likely to cross it soon. Technical indicators are supporting the bulls. The MACD is rising and above the signal line. RSI is moving up & above its 50 level. RMBS could be making another move to $6 and we could see a break there. Keep this stock on watch.
The stock has been consolidating nicely since it rose from $10 to a high of almost $16.50. Sarepta Therapeutics Inc (NASDAQ:SRPT) could be ready for another rally after yesterday's big move. It will be interesting to see if next week the stock can continue its upward momentum. The next resistance level to watch is at 16.25. Above this level could test 16.44 next.
Bank of America Corp (NYSE:BAC) has been pulling back after a sharp rally early this month on heavy volume and I think that it will resume its climb. The technical chart still shows bullish sign as the stock is trading above 50-day moving average and the 50-day MA is on top over 200-day moving average with MACD above zero. A good entry point will be around 8.3/8.35 to be safer or on a break of the flag.
Sprint Nextel Corporation (NYSE:S) looks poised for a break to the upside. It has been holding a tight range. Long over 5.76 for a target of 6.12 with stop loss of 5.26.
Facebook Inc (NASDAQ:FB) looks very strong on charts. The stock yesterday closed above its 50 day SMA of 21.3 with very high volume. RSI is moving up and above its 50 level. The daily MACD continues to trade in the positive zone. The CMF is also turning up which means there is more money flowing into the stock.The stock should make a move higher to test the recent highs.
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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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