6 stocks to watch in the week ahead
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NVIDIA Corporation (NASDAQ:NVDA) has been forming a bull flag/bull
pennant pattern. The stock has a good risk/reward.
I'm looking for a strong move up in the near term. From the technical daily chart both MACD and CMF are showing bullish sign as MACD is rising above 0 while CMF is positive. I remain bullish on
this stock.
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Sonus Networks, Inc. (NASDAQ:SONS) Still holding its 50-day SMA. The
stock is consolidating over that level on very low volume, so watch to
see if it can clear resistance. The Accumulation/Distribution line is climbing up again. Over the last 6 months, insiders were net buyers of 8.3M shares, which
represents about 3.76% of the company’s float. The bullish insiders
should indicate SONS stock is really worth buying.
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Research In Motion Limited (NASDAQ:RIMM) displayed some strength
on Friday again but volume was not so high as on the previous day. I
recommend readers take some profits (1/2 your position) right here. Its
daily RSI reached the 80% level. I am not suggesting new bullish
positions at this time.
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DryShips Inc. (NASDAQ:DRYS) is a good stock that can turn in strong gains when starts moving. Honestly, I believe one of those moves began today after closing the day with a gain of 9 cents to $1.83. The strong move came on a surge of volume, which is generally a good sign. Set a stop loss at $1.60
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Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) may have reversed its recent downtrend, closing in the green on decent volume today. I will give this one, one more session. Buy stop at $9.45. All the technical indicators look good.
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US Airways Group, Inc. (NYSE:LCC) No position was entered as the stock failed to break $13.2. I will watch it again next week.
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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: ARNA, DRYS, LCC, NVDA, RIMM, SONS
