Long set-ups for Wednesday
( click to enlarge )
FormFactor, Inc. (NASDAQ:FORM) rebounded from the support line located
at $5.58 and closed slightly below the highs of the day, closing at 5.82, a gain of 23 cents or 4%. I will be
watching the stock to breakout the resistance level at $6.3, which will
tell us that the downtrend should be over. The technical indicators are showing signs of bullishness.
( click to enlarge )
Career Education Corp. (NASDAQ:CECO) finally closed over the 50SMA after
rebounded from the immediate support level located at $3.8. On the upside there is resistance located between 4.50-4.61. If stock price can close back over these resistances level i think we could see a
retest at 5-5.28
( click to enlarge )
Apollo Group Inc (NASDAQ:APOL) 50-day SMA held, 13-day SMA crossing
50-day SMA. MACD and RSI continue upward trend. I will go long on break
above 30.41
( click to enlarge )
Molycorp, Inc. (NYSE:MCP) showed some nice strength today, despite the
market was down. At this level, we should see the stock might retest the
resistance located at $13.99 followed by $14.13. The support level is
adjusted to $12.54. Today, I added a small position and i'm still
holding some for long term investment.
( click to enlarge )
Very important day for Arena Pharmaceuticals (NASDAQ:ARNA)
tomorrow, it will be interesting to see if the stock can break 9.44 .
Squeeze seems eminent.
( click to enlarge )
Gilead Sciences, Inc. (NASDAQ:GILD) hit a new 52-week high today trading
as high as $67.55, before settling at a close of $66.77. The 52-week
range for GILD is 34.45-67.55. Although sentiment remains bullish on the
stock, extremely overbought conditions could see a corrective decline
in the coming sessions. Immediate support is at 62.32-62 levels now.
Looking at the technical chart above the stock is trading above all of three
major moving averages. Plus, the MACD is positive and rising.
Nevertheless, there is a need for some profit-taking for some
consolidation from these high levels. For those who did not have a
chance to buy the stock, any pull back is your buying opportunity.
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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: APOL, ARNA, CECO, FORM, GILD, MCP
