Stocks to Watch for next week
( click to enlarge )
Riverbed Technology, Inc.(NASDAQ:RVBD) looks good for higher prices.
After a nice consolidation, I believe the stock is poised to break
next buy / add area (200-day moving average) and back over the $20 level. Short term indicators are positive. A buy signal would be given on a
break above resistance at 19.84, with the next resistance then at
20.09, 20.45 and 21.02. Support is at 19.01 and 18.61
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) touched the 200-day SMA once again on Friday where it was quickly bought up. From a technical perspective this is a good sign of institutional support. I believe the stock should begin to move up quickly, once it clears the area of congestion that its currently in. I'll use a buy stop to buy this at $11.
I hesitated to mention Hanwha Solarone Co Ltd (NASDAQ:HSOL) on twitter but the stock cleared back over the 50-day SMA on heavy volume Friday, while most of the market was falling. So I think it deserves a mention. Daily MACD gave a buy signal, while RSI and stochastics have turned up. Good long setup, if it takes out the 200-day SMA on volume.
( click to enlarge )
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) touched the 200-day SMA once again on Friday where it was quickly bought up. From a technical perspective this is a good sign of institutional support. I believe the stock should begin to move up quickly, once it clears the area of congestion that its currently in. I'll use a buy stop to buy this at $11.
( click to enlarge )
I hesitated to mention Hanwha Solarone Co Ltd (NASDAQ:HSOL) on twitter but the stock cleared back over the 50-day SMA on heavy volume Friday, while most of the market was falling. So I think it deserves a mention. Daily MACD gave a buy signal, while RSI and stochastics have turned up. Good long setup, if it takes out the 200-day SMA on volume.
( click to enlarge )
Radian Group Inc.(NYSE:RDN) Good winner this week. Looks really good making new highs on volume and holding the breakout. Next buy area when clears 5.82 on heavy volume.
( click to enlarge )
GT Advanced Technologies Inc (NASDAQ:GTAT) is starting to stabilize. If the market shows a little bit of optimism the stock could bounce back up to its 20-day moving average at $3.20. Short interest hit a new high on December 14 at 38.050.165 shares. Short ratio is about 9 to 10 days.
( click to enlarge )
Amarin Corporation plc (NASDAQ:AMRN) is very oversold and if the stock can hold the $7.60 price line may be a good bounce play.
Labels: AMRN, AXL, GTAT, HSOL, RDN, RVBD
