Stock Picks for Friday October 05, 2012
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InterDigital, Inc.(NASDAQ:IDCC) looks to be a possible breakout play
tomorrow. A break above 38 on heavy volume makes this one look good for a
possible strong move NORTH. The medium term trend still looks bullish
as the stock is still above 50-day and 200-day moving average with
50-day moving average crossed on top over 200-day moving average
recently to form Golden Cross, a strong bullish sign. Additionally, the
MACD also shows buy as MACD is on top of signal line. Stay tuned !!
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Amazon.com, Inc. (NASDAQ:AMZN) is back above the 20-day SMA and is headed for a test of the $264 resistance.
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James River Coal Company (NASDAQ:JRCC) put a nice reversal candle today.
The stock is now trading close to the resistance level at the 3-3.08
range. A close above this range would impart strength and the stock
could move easily to 3.25-3.5 subsequently. The near-term outlook for
the stock does not appear negative. If you are long, initial stop loss should be placed at 2.6
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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.
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: AMZN, IDCC, JMBA, JRCC, NBS
