-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Watchlist for Friday, September 21 » | Watchlist for Thursday, September 20 » | Long set-ups for Wednesday » | Few charts that I like for Tuesday » | 6 Stocks to Keep On Your Radar » | Stock Picks for Friday September 14, 2012 » | Stocks Watchlist For Thursday, September 13 » | Stocks Watchlist For Wednesday, September 12 » | Stocks Watchlist For Tuesday, September 11 » | Momentum Stocks to Watch for Week of September 10,... » 

Friday, September 21, 2012 

Stocks to watch out for next week

  ( click to enlarge )

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.

  ( click to enlarge )

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.

  ( click to enlarge )
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.

  ( click to enlarge )

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 ;)

  ( click to enlarge )

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.

  ( click to enlarge )

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.

  ( click to enlarge )

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

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time. 

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.


Labels: , , , , , ,

Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google