Tuesday December 18th watchlist
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Sodastream International Ltd (NASDAQ:SODA) gained over 7% on the day
and closed near its highs of the day. The stock has been under buying
pressure lately as evidenced by the rectangle on its volume chart. SODA
has now resistance at $44.5. If the stock is able to cross this level
and sustain above it, then it might go to $48.1 and then even to $50. The technical daily chart shows positive sign as stock has been trading above 50 and 200 day moving averages. Sell stop : 40.24
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Citigroup Inc.(NYSE:C) has broken out of a major resistance line. The
upside looks bright. The stock hit new highs of $39.20 on Monday, which
is resistance for the follow through move on Tuesday. If the stock can
break through highs, we should see another high volume move as the stock
moves higher. Stay tuned.
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3D Systems Corporation (NYSE:DDD) made a powerful move today, gaining
over 5% on decent volume. This strong move allowed the stock to close
above its 13-day SMA and close at its highest level since late November.
My short term target will be $49.35, but its possible if the stock
breaks resistance at that level that it could easily run to $50.
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Sonus Networks, Inc.(NASDAQ:SONS) closed above its major resistance today for the first time since early November. The stock closed strong at its highs of the day on heavier volume than Friday's trading. A lot of technical indicators are suggesting a possible move in SONS to at least $2 which will be my short term target.
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VIVUS, Inc.(NASDAQ:VVUS) was a big winner today gaining over 13% on the day. From a technical point of view, the stock looks like it is starting to break out from a base formation. The OBV is starting to point up as well and I think we could see further upside in VVUS. Sell stop : 11.4
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GT Advanced Technologies Inc (NASDAQ:GTAT) was down a bit on Monday but the stock is still holding steady above its rising 13-day SMA. My target remains at $4 and the stop loss sell remains at $3. Holding long.
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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: C, DDD, GTAT, SODA, SONS, VVUS
