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Glu Mobile Inc. (NASDAQ:GLUU) surged 15% or 35 cents to $2.64 per share on unusual volume. The technical daily chart shows it's a great time to buy the stock as %K line has just crossed on top over %D line showing buy signal and RSI has just rose from oversold level. In addition, the short-term trend is bullish as the 9-day EMA has just crossed on top over 20-day EMA. Resistances are at $2.74, $2.9 and $3.05. Supports are at $2.55, $2.41 and $2.35. For those who did not have a chance to buy GLUU, any pull back is your buying opportunity.
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Zynga Inc (NASDAQ:ZNGA) broke out of a consolidation range to the upside on heavy volume. I do not see anything until the $3-$3.06 area. Indicators are also showing signs of recovery. Near term support is now located at $2.76, as long as this level holds, I'd expect the uptrend to continue. Keep a close eye on the stock for the follow through move.
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NVIDIA Corporation (NASDAQ:NVDA) The bias still bullish in nearest term testing 13 area but remains neutral and no clear direction in medium term. Only a clear break above the 200-day EMA could confirm the bullish scenario. With %K line back above %D line and stock back above 50-day EMA, we may see some rally coming. Positive RSI is confirming the upside movement.
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Gevo, Inc. (NASDAQ:GEVO) looks like a pennant forming, which is a bullish continuation pattern. Pullback on very low volume. All dips should be bought with a stop at $1.75. Watch for next leg up.
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With the Dendreon Corporation (NASDAQ:DNDN) holding above its rising 9 / 13 / 20 EMAs, I expect further upside. The stock may expect some resistence at $6.84 per share, the 200-day EMA.
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Facebook Inc (NASDAQ:FB) made a very significant move today breaking out from the horizontal resistance mark around $32.21 on heavy volume in the face of a weak market. This breakout suggests a possible move to $35.
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Research In Motion Limited (NASDAQ:RIMM) broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its next support level around $15. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are starting to turn down, suggesting further possible pressure. Only a strong closing again above the top of today could change this scenario.
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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: DNDN, FB, GEVO, GLUU, NVDA, RIMM, ZNGA