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Wednesday, May 01, 2013 

Stocks to Watch for May 2, 2013

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Lions Gate Entertainment Corp. (USA) (NYSE:LGF) Good looking setup, however investors should be cautious at current levels. Initiate long position when the stock breaches 25.35 with a stop at 23.85

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Zillow Inc (NASDAQ:Z) broke out in a big way today on great volume. I think we will see some nice follow through on Thursday.

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LinkedIn Corp (NYSE:LNKD) Strong on weak tape. Nice breakout on increase volume. To add on any dip.

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Advanced Micro Devices, Inc. (NYSE:AMD) had a huge breakout day on heavy volume. Next resistance is seen at 3.43. If you're a disciplined trader, wait a pull back to enter.

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FormFactor, Inc. (NASDAQ:FORM) is trading higher after hours, as the company released strong earnings. Key resistance is located at 5.04 (200EMA). A close above this level will confirm a new bullish trend and the following uptrend will take price up to 5.83-6 zone.

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Access Midstream Partners LP (NYSE:ACMP) On watchlist no trigger yet. Long above 42.35

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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