Few charts that I like for Tuesday
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Shares of Leap Wireless International, Inc. (NASDAQ:LEAP) surged 3.62%
to $6.29 per share continuing the rally which begins earlier this month.
The stock closed at the highs of the day and I am expecting another
move higher tomorrow. The technical chart shows the stock is in a
short-term bull market with 20-day MA on top over 50-day MA and RSI above the 50% level. The MACD is
moving up in the positive zone and is above the signal line. I think the stock should continue to go up.
( click to enlarge )
Corinthian Colleges Inc (NASDAQ:COCO) closed slightly below the high of
the day which is very bullish and was trading above 50-SMA for the sixth
straight day. The resistance continues to be located at $2.71 followed
by $3.09
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Ferro Corporation (NYSE:FOE) The stock broke a key resistance level on a volume expansion.
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Rosetta Genomics Ltd. (NASDAQ:ROSG) had heavy volume come into the stock
as it closed up 90 cents on 2x normal daily volume. The heavy buying
makes this an interesting situation and one worth watching on Tuesday. The technical chart above suggests
that stock might find now resistance at $6.72. Only a close above this
level would suggest further upside. Remain invested with a stop loss at
$5.15.
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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
