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Xyratex Ltd. (NASDAQ:XRTX) is starting to work its way higher after
dropping from over $12 a share. At $7.54 a share and considering that XRTX
was trading well over $10 last month the risk for further decline is
outweighed by the potential gain that a strong bounce would provide. With
today's closing price of $7.54 I think a quick bounce to $8 or better is
in the cards. Now taking look at daily charts we may see that majority
of the technical indicators started to show some bullish signs. The RSI
just bounced off extreme oversold conditions during today's rally, MACD
made a bullish cross and is heading up. Slow Stochastic also shows
bullish cross with %K over %D. This is a stock you should add to your watch list as
believe it could move higher from current levels.
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I have my eye on BioCryst Pharmaceuticals, Inc.(NASDAQ:BCRX) for a swing
trade. The stock is setting up nicely for a breakout, but I'd like to
see a move above 4.75 on good volume before getting involved.
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Capital One Financial Corp. (NYSE:COF) made a new 52 week high today
closing at $60.75 on heavy volume. The stock hit a high of 60.89, which
is now resistance for Monday’s continuation move. If the stock can break
through resistance, we should see another strong upside move. COF will
move very quickly, so watch the stock closely next week.
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Aeropostale, Inc. (NYSE:ARO) Some positive divergences on daily charts. We might have seen the bottom and ready for a sustain rally. If the stock can stay above $12.6, then it has potential to rebound to $13.6 resistance inicially then $14.10
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The Ryland Group, Inc. (NYSE:RYL) shares may be in a consolidation
phase following a nice trend. Looks like it will move up again. Keep an
eye for a possible breakout over $33.90
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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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AC
Labels: ARO, BCRX, COF, RYL, XRTX