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Wednesday, October 03, 2012 

6 Stocks to Keep on Your Radar Screen

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Pentair Ltd (NYSE:PNR) continues to sit in a consolidation range. At some point, the stock will breakout and I want to be there for this move. Resistance stays at $45. Fresh long should be made only when the stock closes above this level with an up candle.

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Amazon.com, Inc. (NASDAQ:AMZN) had a strong bullish momentum today gaining more than 2% and ended the day near the highs of the day. Looks like it could try and take a trip to 264 or so if volume comes in.

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United Continental Holdings Inc (NYSE:UAL) - On my watch list. $21.22 ( 200-day moving average ) is pretty much the pivot here. If that breaks we could see 23 quickly.

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US Airways Group, Inc. (NYSE:LCC) was a big winner on Tuesday as the stock ended up $.90 on the day. I will be watching the stock tomorrow for a continuation move through Tuesday’s highs of $11.88. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above 12.50 on heavy volume. Bulls could remain invested with a stop loss at $9.71. Keep LCC on your radar for Wednesday.

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It seems that investors are buying back the stock after a healthy pull-back and I do believe the next move higher will take this stock much closer to my short term target of $40. InterDigital, Inc. (NASDAQ:IDCC) will surprise many people in the weeks and months ahead IMO.

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In last Saturday's post I mentioned 6 bullish chart patterns to watch this week on the long side and Sarepta Therapeutics Inc (NASDAQ:SRPT) was one of the stocks I highlighted as a potential breakout play. Sure enough, the stock broke out today in a BIG WAY on 26X normal volume following the release of positive news of the company’s clinical trials involving their Muscular Dystrophy drug Eteplirsen. Here's my blog post from back when the rally started 6 Bullish charts to watch next week .Congratulations to all who profited from this stock.

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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.

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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.

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