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Thursday, April 11, 2013 

Stocks to Watch for April 12, 2013

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J.C. Penney Company, Inc. (NYSE:JCP) has recovered from its yesterday's low of $13.55. The current rally should at least push the stock to $15.2 per share where the major resistance is. JPC needs to close above this level to indicate a continuation of the rally. From a technical standpoint, the MACD is showing a positive divergence, suggesting a halt in the falling price and there may be a reversal. A long trade should be made if the stock breaks above 15.2, with a stop placed below $14.

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Groupon Inc (NASDAQ:GRPN) The 9, 13, 20 and 50 day SMAs all point higher, and the stock has also cleared a major resistance area on solid volume, looks good for higher prices.

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Active Network Inc (NYSE:ACTV) Missed this rally today, because I was too busy watching BBRY. Good looking setup here. Look for a move to test the 50-day SMA at $4.79

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Nice follow through day on Sangamo Biosciences, Inc. (NASDAQ:SGMO), next buy area when clears 11.24 area on strong volume.

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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.

Thanks for visiting AC Investor Blog.


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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