Stocks to watch out for next week
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Microsoft Corporation (NASDAQ:MSFT) breaks above 31.5 resistance but
failed to close above it. However, further rise is still possible and
the next target would be at 32-32.27 area. Initial support is at 30.86,
as long as this level holds we'd expect the uptrend to continue.
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KB Home (NYSE:KBH) had a huge breakout day on heavy volume. Next resistance is seen at 15.51 which is the highs of 2011. If you are a disciplined trader, wait a pull back to enter.
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Groupon Inc (NASDAQ:GRPN) closed at 5.28, up 13 cents for the day
reconfirming the new uptrend after the recent break above the major
resistance on expanding volume. The technical indicators are looking
better for the stock. The technical chart shows a bullish sign as the
stock is back on top of 20-day moving average with MACD rising and
approaching the zero line from below. For now, expect a run up to next
resistance area around $5.74. If the stock is able to cross it and
sustain above it, then it might go to $6.34.
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The stock surged in the final hour of trading and closed back
over 3.2. The real fireworks should begin if ZNGA can close above $3.33.
As long as the stock can remain above $2.89, I like the stock. The accumulation/distribution line is starting to curl upward (accumulation) which should eventually lead to price increases. That bodes well
for a breakout ;)
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Keep an eye on Career Education Corp. (NASDAQ:CECO) and monitor its
volume, RSI and Accum/Dist for any potential breakouts. If the stock can
manage a breakout above the 50-day moving average located at $3.98 on
high volume, it would be a great buying opportunity but only on a
breakout. The MFl is showing that there is more money flowing into a
security that out of the security. You want to watch the stock closely
as CECO can move quickly and you want to be ready for this move once it
happens.
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The price movement on Cell Therapeutics Inc (NASDAQ:CTIC) this week was marked by a high degree of volatility as chart shows. The near-term outlook would depend on the price movement in the next few sessions. A close above 3 would impart bullishness and would help the stock move to the 3.6-3.94 area. A drop below 2.48 would have negative implications that would push the stock down to the 2.2-2 range. The trend for CTIC is down in short-term and today’s action doesn’t change that. A move above resistance 3 could signal a reversal of the trend while a move below support confirms the downtrend.
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Homeowners Choice, Inc. (NASDAQ:HCII) A nice looking bullish pattern on
the daily chart. About to break out up into new highs once again. Long
over 23.89
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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: CECO, CTIC, GRPN, HCII, KBH, MSFT, ZNGA
