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Big Lots, Inc. (NYSE:BIG) looks ready to move higher. The 200-day EMA appears to be a high resistance area right now. With a strong RSI and an improving OBV, I have a feeling that it will break higher shortly. Have this on your watchlist.
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Pacific Ethanol Inc (NASDAQ:PEIX) was up some 6% today. Two days ago this stock was trading at 32 cents a share, today it hit a high of $0398 and closed at $.382. It will be interesting to see, if PEIX continues its rally next week. Once 0.398 breaks, the next resistances to watch are 0.418 followed by 0.43. Initial support can be seen at 0.34-0.342. The stock still trading strong volume with indicators moving up. Looking at the technical indicators we have MACD above zero line and RSI above 50, indicating the stock is in a bullish trend.
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Boston Scientific Corporation (NYSE:BSX) stock has been in a upward spiral since the start of the year and it does not looks like the trend will change soon. At this stage, BSX is in extreme overbought territory from a technical standpoint, however it doesn't mean the stock will not still go up, but a pull back is needed. I'm bullish on this stock, but in situations like this, I prefer to wait for a pullback rather than chase the market.
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Huntington Bancshares Incorporated (NASDAQ:HBAN) looks right on the verge of a breakout. Resistance is $7.11, which was today's high. I'll be watching the stock for the breakout move and expect it to happen soon. Once the stock breaks through, we should see a heavy increase in buying.
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TriQuint Semiconductor (NASDAQ:TQNT) had a great day on Friday. TQNT not only had momentum, it had also strong volume. The stock broke out of a trading range between $5-$5.35 and hit an intraday high of $5.54. A break above this level will take the stock back to the major resistance area at $6
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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: BIG, BSX, HBAN, PEIX, TQNT
Good to see this investment blog , Thanks
Posted by amarinvestments | 5:54 PM