Few trade ideas for Tuesday, November 27
( click to enlarge )
First Solar, Inc.(NASDAQ:FSLR) is consolidating inside a large bullish
ascending triangle and two resistance points can be noted on chart,
first is at 26, second at 26.31. If it breaks out of 26, target price is
around 33.7, if it breaks out of 26.31 target price is 34.32. A good
breakout volume would be above 6 Million shares traded. In the short-term picture, downside momentum is diminishing with daily MACD back above signal line. Stochastics and RSI also are on the bullish side.
( click to enlarge )
On the radar. Zynga Inc (NASDAQ:ZNGA) gave us a nice move today, which
could be the start of a bigger move. If the stock can break through the
50-day MA at $2.52, we should see a strong follow through move. The accumulation chart is moving up again with smart buying going on. Keep
watching the stock.
( click to enlarge )
3D Systems Corporation (NYSE:DDD) is a potential breakout play. Momentum picking up with MACD climbing and RSI rising. Breakout watch over $46.92.
( click to enlarge )
Nuance Communications Inc. (NASDAQ:NUAN) - Interested in this for reversal at 21.81. Possible double bottom.
( click to enlarge )
Lattice Semiconductor (NASDAQ:LSCC) Old alert. I remain bullish on Lattice Semiconductor (NASDAQ:LSCC) in
the near-term. MACD has a bullish crossover and the bullish
crossover in the ADX chart adds to my conviction. In addition, momentum oscillator RSI is also trading above 50 which signals the bullish trend further. LSCC still poised to rip. Keep an eye for play over 4.16.
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
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.
Labels: DDD, FSLR, LSCC, NUAN, ZNGA
