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Saturday, May 18, 2013 

Stocks to Watch for May 20, 2013

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Cabot Oil & Gas Corporation (NYSE:COG) The stock price has been rangebound between 63 and 71 levels for almost three months now. The last decline did not test the lower end of this range, creating a higher bottom.  On the technical daily chart, the Relative Strength Index (RSI) has taken support at 50 levels and turned up again. Similarly, the MACD has is turning up after sideways action in the bullish zone. I would not be surprised to see this range to be broken soon and the stock make new swing highs. Stop 63

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NVIDIA Corporation (NASDAQ:NVDA On dailly charts, the stock is trending higher within a steeper rising channel. With the recent stock price rise it has managed to cross and sustain above January'13 swing high of 13.10, which was a strong resistance level. The stock price is now trading above the 13-exponential moving average, which worked well in past during the rise/decline. At this point, with many of the technical indicators overbought, NVDA needs to rest, consolidate and then regain momo. 

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LinkedIn Corp (NYSE:LNKD) From a technical standpoint i am a bit sceptical about this stock. It is still holding above the 50-exponential moving average, which is good, but the MACD still showing a negative divergence and CMF continues falling. Addionality, there is something to take note, the insider transactions. Since the begining of the month, the insiders have sold thousands of shares, more than 229.000 ( Check this out SEC FORM 4 ) Generally, when insiders sell shares especially in large amount it is a sign that "negative things" are coming or they think the company is overvalued (it's better to be cautious here imo)

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Facebook Inc (NASDAQ:FB) Holding the 200-exponential moving average, but if it fails look out below.

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Research In Motion Ltd (NASDAQ:BBRY) Broke the 50-exponential moving average on low volumes, but holding the 14.5 support area. This could encourage some short covering or attract fresh buying, since the main trend is up. I am still holding my long position. I love the high short interest in this one, mainly when the company is gaining traction. It seems almost everyone is shorting. Let's just wait and see what happens. Keep an eye on how it acts next week.

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Pandora Media Inc (NYSE:P) Indicators are turning down from higher levels. Look for a pullback to the next support at 15.21

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MFA Financial, Inc. (NYSE:MFA) extended its rally yesterday further and registered a recent high of 9.44. At this point, intraday bias is on the upside as long as the 9.28 minor support remains (9-exponential moving average).

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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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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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