Stocks Watchlist For Thursday, September 13
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Shares of PulteGroup, Inc.(NYSE:PHM) closed the day gaining 6% to a new
historic mark for stock at $15.55, near the highs of the day at $15.7.
The stock has been one of the most amazing runs of the past three
months. I'll be watching the stock on Thursday, looking for a follow
through move. At this point we have to start thinking about just how high PHM
will go. As long as the stock stay above $13.73, the
short-term bullish scenario still intact.
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Zynga Inc (NASDAQ:ZNGA) seems to be a promising stock to follow in
the coming sessions. ZNGA had a large spread and large volume today
successfully breaking several resistances lines at 2.94 and 3. Also
worth noting is the price which is now above the 13 and 20-day moving
averages. This denotes strength for the stock. If you paid attention to yesterday's alert on twitter and got into Zynga at the opening bell, congratulations !!!
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Netlist, Inc. (NASDAQ:NLST) seems like a good risk reward play at
present levels. The company has a nice balance sheet with a current
ratio of 2.70, which reflects no problems in relation to short term
debts, a very low long term term debt and 0.40 cents in cash per share. Therefore, in the coming days I'll be watching for a breakout above the 50-day moving average in the short-term. Like the MACD trend and OBV is trending higher.
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Clearwire Corporation (NASDAQ:CLWR) fell 0.6 percent today to close at
1.63. In my opinion the short-term outlook for the stock continues to
remain bullish. Only a close below the 50-day MA will color the bars RED
again & a possible change of the trend as well, otherwise we are
heading for the strong resistance zone 1.8-1.95.
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After posting an awesome run shares of Cell Therapeutics Inc (NASDAQ:CTIC) lost some steam today and looks
poised for a pullback in the near term. It has good support at $3.16. If
it falls below this level on a close basis, then it can possibly go
down to $3. On the daily time-frame the daily MACD lines, MACD-histogram and 20-day SMA are all rising. The bullish scenario in short-term still intact so we must see this
bearish momentum just as a correctional movement. My model remains
mixed with upside bias.
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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: CLWR, CTIC, NLST, PHM, ZNGA
