Watchlist for Thursday, September 6
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Sprint Nextel
Corporation (NYSE:S) had been confined within a very tight trading range
until today as price broke and closed above the range resistance at
4.93 as seen in the daily chart. Now the stock is focused on the next
resistance pivot at 5.24.
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Ford Motor Company (NYSE:F) needs to break the resistance lines around 9.80 to 9.90 to head back to higher levels. The short-term trend is bullish targeting 9.78 as far as areas of 9.25 remain intact.
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InterDigital, Inc. (NASDAQ:IDCC) remains trapped within moving averages
without showing any big move since the opening of this week. Only a
close below 33.04 or above 33.88 can change the neutral stance. Although the technical indicator MACD remains contained by a
consolidation, On Balance Volume continues to show strong accumulation. Rumors of a possible takeover have recently surfaced and over 14% of the tradeable stock is in the hands of short sellers. Still on my top list.
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Shares of VirnetX Holding Corporation (NYSEAMEX:VHC) broke the 200-day
moving average on big volume, which technically is usually a good sign.
The short term trend is to the upside targeting 30
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News Corp (NASDAQ:NWSA) Potential breakout. Long over 24.05
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PulteGroup, Inc.(NYSE:PHM) is a stock I've covered before at much lower
prices. It has been consolidating until today when it broke out to the
upside. I think this opens up the door for further gains. The $13.91 level now acts as support.
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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: F, IDCC, NWSA, PHM, S, VHC
