Stocks on my watch list for Friday, December 21
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Amazon.com, Inc. (NASDAQ:AMZN) Poised to breakout to new highs. Keep an eye for play over 264.2. Volume & price have risen and this stock again should be on your watch list.
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Shares of Research In Motion Limited (NASDAQ:RIMM) are moving higher in after-hours
trading after its quarterly earnings beat Wall Street estimates.
Q3 EPS of $(0.22) versus the estimated $(0.35) and the revenue came in at
$2.70B versus the estimated $2.65B. Looking at the technical chart stock still trading in a short term Bull
Market with share price above 50-day sma and 200-day sma. The next key
levels of resistance to watch are $14.99 and then $17.30. Support : 13.28
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Zynga Inc (NASDAQ:ZNGA) Volume is falling and the stock is still holding
its 50-day SMA. It looks like the sellers are losing momentum imho
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Progenics Pharmaceuticals, Inc.(NASDAQ:PGNX) had a nice consolidation
day after surging nearly 20% on Wednesday. This is the type of action
that I love to see before another leg up in price, this slight retrace
was expected. Looking at the technical chart, we can see the
Accumulation/Distribution line moving up, which is a fabulous sign for
this stock. Finally, we're right on the brink of a bullish cross as the
20-day SMA is ready to cross the 50-day SMA, which is another good
thing this chart is showing. I still think the stock is poised to rip to the upside. Keep an eye for play over 2.95
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Vringo, Inc.(NYSEAMEX:VRNG) Looking at the chart it is nice to see this
stock back over $3 with big money volume. I'm curious to see how it
reacts tomorrow as it sits right below its 20-day SMA. A break and close
above this level would be very bullish for this stock. We also have a
MACD bullish crossover on the daily chart. On watch.
Labels: AMZN, PGNX, RIMM, VRNG, ZNGA
