6 Charts to watch next week
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Calix, Inc.(NYSE:CALX) Price broke through resistance and out of descending channel/flag formation on a huge volume spike. The next resistance level to watch is at 7.35 ( 200-day moving average). Above this level could test 8 next. On the technical side, we also have a bullish MACD crossover. Long setup.
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This stock could see a short squeeze. InterDigital, Inc.(NASDAQ:IDCC)
has been consolidating sideways the last few weeks and it broke the
trendline resistance of 35 on Friday which leaves the door open for 38
area. A breakout could spark some short covering. Timing is everything
and I truly believe IDCC is poised for strong upward momentum and
another possible breakout coming soon. Additionally, technical
indicators are turning up from oversold levels indicating more upside
for IDCC. A lot of eyes are on this stock right now so make sure this is
on your radar screens. Patience is a virtue !!
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Vringo, Inc. (NYSEAMEX:VRNG) back over $4. The stock displayed
relative strength on Friday closing again above its 50-day moving
average. I remain bullish but I hesitate to
suggest new positions with the market looking vulnerable. I'm raising
my stop loss to $3.66. Short-term levels to watch next week $4.23 and then $4.32.
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Newcastle Investment Corp. (NYSE:NCT) Could be a high flyer on breakout, look for break above $8.27 to enter longs. Bullish MACD cross on daily.
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I see TiVo Inc. (NASDAQ:TIVO) on verge of breaking up out of compression. The stock closed the week above its' 200 day moving average, giving it even a more bullish set up.
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I have Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) on my watchlist. It may be ready to break out of this flag consolidation. I think there is a good risk/reward ratio right now.
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Labels: CALX, GMCR, IDCC, NCT, TIVO, VRNG
