Stocks Watchlist For Wednesday, September 12
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Groupon Inc (NASDAQ:GRPN) is on the verge of really blowing up. I
would not be surprised to see the stock test $5 at some point over the
next few days. The technical chart shows a possible reversal in trend
coming. GRPN has been hit very hard but today’s move could be the first
of a short-term swing. The stock opened weak but closed strong above the
13 & 20 MA's for the first time since mid-August on heavy volume. From
the technical chart, KD line shows positive signals as %K line is rising
on top over %D line and RSI is bouncing up from below the nominal 30 level. OBV is beginning to turn
around which suggests the stock is no longer being sold off. I will be
watching the stock on Wednesday for a continuation move through
Tuesday’s highs of $4.67. I also thinks GRPN is a short squeeze
candidate, with a short float at 22.3% (equivalent to 3.1 days of
average volume).
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Career Education Corp. (NASDAQ:CECO) was a big winner today, as the
stock closed up $.34 or 9.7% on good volume. I feel that there will be a
continuation move tomorrow but I want to see it break through $4 and
keep on going up. There are several short term technical indications
suggesting that CECO could make a move to higher levels. Keep a close
eye on CECO for Wednesday.
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Advanced Micro Devices, Inc. (NYSE:AMD) was on fire today. The next resistance is located at $3.85. As long as the stock can remain above $3.43, I like the stock.
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InterDigital, Inc.(NASDAQ:IDCC) is still consolidating here and may still have a chance to move higher. The technical chart shows very strong upward momentum as the stock is
above the major moving averages. All indicators still point to a bull
market.
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Rambus Inc. (NASDAQ:RMBS) - The stock is slowly recovering. The
$4.73-4.9 area is a critical resistance region that can determine
overall bias for the stock in short-term. Bulls are now attacking the
50-day MA, a break above could trigger a rally towards 4.93 resistance and
determine overall bias. Keep an eye on these levels.
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Research In Motion Limited (NASDAQ:RIMM) was able to get up through the
key resistance level ( 50-day moving average ) and sustained the move.
The stock hit a high of $7.55, which is resistance for Wednesday’s move.
If the stock can break through resistance, we should see a strong
follow through move. Watch the stock closely tomorrow.
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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: AMD, CECO, GRPN, IDCC, RIMM, RMBS
