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Research In Motion Ltd (NASDAQ:BBRY) had a nice breakout from the symmetrical triangle on solid volume. Upcoming resistance is at 16.01 and 16.82 which are the previous highs. Looking at the technical chart we can see a couple of bullish signals confirming the "breakout" and we can expect the price to move higher from this point.
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Intel Corporation (NASDAQ:INTC) needs to take out 23.87 in order to convince bullish buyers at these levels.
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Mercury Systems Inc (NASDAQ:MRCY) could be in the early stages of a technical breakout. If the stock can break through 7.8, expect to see heavy volume drive the stock higher.
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Molycorp Inc (NYSE:MCP) A breakout above 5.74 (50EMA) would constitute a technical entry for the short-term trader looking for a quick trade.
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RF Micro Devices, Inc. (NASDAQ:RFMD) hit a new 52 week high and closed above resistance. As long as the stock stays above the 9 & 50 EMAs it is still safe to hold on to your positions.
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Amarin Corporation plc (ADR) (NASDAQ:AMRN) Stalking as a potential swing long above 7.10 . Technical indicators are showing signs of turning around, but have not turned bullish yet.
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Regeneron Pharmaceuticals Inc (NASDAQ:REGN) may be close to breaking to new highs here. The stock has been consolidating the past few days and just recently started inching above most of the consolidation area. At this stage, it's definitely a wait and see, if the resistance will be easily taken out by the bulls. Fresh exposures may be considered on a move past $221, with a stop-loss at $204.
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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: BBRY, INTC, MCP, MRCY, REGN, RFMD