Stocks to Watch for May 1, 2013
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Groupon Inc (NASDAQ:GRPN) is correcting after a run from 5.47 to 6.66. The stock could slide till the 5.89-6 area. The technical indicators on chart are suggesting more downside but have not turned bearish yet. The MACD is positive but has started falling below its signal line. The RSI has just slipped below its 50% level and the slow stochastic is now falling below its 50% level. Keep a stop at 5.82
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Advanced Micro Devices, Inc. (NYSE:AMD) Strong rally on volume today. I think the stock could try and take a trip to $3 or so if volume comes in. The technical indicators are looking bullish.
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Adecoagro SA (NYSE:AGRO) still forming a possible bear flag on daily chart imo
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J.C. Penney Company, Inc. (NYSE:JCP) is pulling back to its 50EMA on low volume. Consider buying if it can find support at 16.25
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Entravision Communication (NYSE:EVC) has been on fire the past few months and it does not look like the trend will change soon. The stock broke a key resistance today which should be the start of another upside move IMO. I am watching the stock again on Wednesday and I will be a buyer once it breaks through Tuesday’s high of $3.89 with a stop at 3.54. Stay tuned.
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Constellation Brands, Inc. (NYSE:STZ) Breakout watch over 49.54
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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.
AC
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.
AC
Labels: AGRO, AMD, EVC, GRPN, JCP, STZ
