6 Stocks to Keep On Your Radar
( click to enlarge )
After an excited trading session on Thursday, the stock yesterday
experienced aggressive buying pressure from the investors, closing the
day with gains of more than 10% on massive volume. Groupon Inc (NASDAQ:GRPN) was a stock I
alerted to my readers/twitter followers on Tuesday as a bounce
candidate at 4.35-4.5 a share. We have positive signal of all technical
indicators. The fast stochastic is now in the overbought zone and the
slow stochastic is on its way there, providing a strong bullish signal.
The MACD indicator confirmed the signals of stochastics by it
increasing. The RSI is also advancing sharply closing above the 50
level, showing the strength of current buying pressure. Another positive
effect was the break of the resistance at $5 and we could expect the
strong buying pressure will helps the the stock heading to it next level
at 6-6.3. However I would to point out that this resistance zone is pretty strong,
as it's a combination of a normal resistance zone and the resistance of
50-SMA, we could expect in this area ( 6-6.30 ) the consolidation or a turning
down.
( click to enlarge )
To me InterDigital, Inc. (NASDAQ:IDCC) still looks poised to break
higher. The stock broke out yesterday but didn't hold the gains and
closed at 35.39. Maybe after a rest will try the game again. As I said
in my previous posts, the current moves of the stock are just
consolidation for a bigger move that will take the stock to the 40´s
price. Looking at the technical chart above you can see that the money
inflow keeps getting higher indicated by the heading up of The Money
Flow Index (MFI) Indicator.
( click to enlarge )
Apple Inc. (NASDAQ:AAPL) hit new highs of $696.98 on Friday, which is
resistance for the follow through move on Monday. If the stock can break
through highs, we should see another high volume move as the stock
moves higher. In the long term technical chart, we have the advancing of
the Stochastic indicator, showing positive signal. The MACD is also
confirming the Stochastic as it is also moving up. The 50 SMA and 200
SMA are rising, showing long term bullish trend.
( click to enlarge )
FormFactor, Inc. (NASDAQ:FORM) closed at $5.76 back once again above its
50 & 200 moving averages, which closed at $5.68 and 5.59
respectively. Lots of room to the upside if it can follow through on
Monday’s move. The MACD indicator is still heading up, providing a
positive signal. The RSI is rising above the 50 line from below,
indicating the increasing of buying pressure. We have strong BUY signals
on this stock.
( click to enlarge )
Career Education Corp. (NASDAQ:CECO) jumped over 5% on Friday to close
at $4.04. It ended the day trading 614K shares and closed near the highs
of the day. The technical daily chart shows the momentum
indicators have turned up and the RSI is on the rise. It will be
interesting to see next week if the momentum can continue through the
$4.2 50-SMA.
( click to enlarge )
Alpha Natural Resources, Inc. (NYSE:ANR) continued its rally off recent
lows, marking a 2nd consecutive trading week with sizable gains for
shareholders. In the short term technical chart, we have bullish signal providing by
both OBV and MACD as they are advancing strongly. The RSI is
also rising, showing the increasing of buying pressure. Pullbacks should
be an opportunity for investors. Stop loss for long position should be
at 6.64.
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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.
Thanks for visiting AC Investor Blog.
AC
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.
Thanks for visiting AC Investor Blog.
AC
Labels: AAPL, ANR, CECO, FORM, GRPN, IDCC
