--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | Good looking charts for May 6, 2013 » | Stocks to Watch for May 3, 2013 » | Stocks to Watch for May 2, 2013 » | Stocks to Watch for May 1, 2013 » | Stocks to Watch for April 30, 2013 » | Top stock picks for next week » | Stocks to Watch for April 26, 2013 » | Stocks to Watch for April 25, 2013 » | Stocks to Watch for April 24, 2013 » | Stocks to Watch for April 23, 2013 » 

Monday, May 06, 2013 

Stocks to Watch for May 7, 2013

( click to enlarge )

3D Systems Corporation (NYSE:DDD) is a good momentum stock and looks great for a test of the highs. The chart is showing a strong bullish bias. OBV is increasing, indicating accumulation of shares in the market and MACD is indicating upward swing. I'm using today’s high of $43.72 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $45.63

 ( click to enlarge )

FormFactor, Inc. (NASDAQ:FORM) closed above its 200-day exponential moving average for the first time since July 2012, indicating a strong bullish signal. The bias is bullish in nearest term targeting $5.25 resistance area.

( click to enlarge )

Bank of America Corp (NYSE:BAC) is on the verge of a breakout and there is plenty of room for upside. The stock closed up 64 cents today and looks poised to make another move on Tuesday. From my point of view there are solid and consistent buyers here. BAC's chart suggest that increased buy side activity could push share prices to much higher levels. The short-term outlook for the stock remains positive. The MACD also confirms the recent jump and RSI shows that there is more upside to come. A close above $12.94 would have positive implications and could push the stock to the 13.2-13.26 range.

( click to enlarge )

SunTrust Banks, Inc. (NYSE:STI) Chart looks bullish. Keep an eye for a possible breakout over $30

( click to enlarge )

Netflix, Inc. (NASDAQ:NFLX) is holding on to its recent gains, but it looks like is losing some momentum for the short term. I'm looking for a possible pull back here.

( click to enlarge )

Research In Motion Ltd (NASDAQ:BBRY) has entered into a consolidation phase after rising very fast in the last two weeks. The bias remains bullish in nearest term. Immediate resistance remains at $16.59. Break above that level could trigger further bullish momentum towards $17 area. Initial support remains at $15.01 ( 20EMA ). I expect positive trend in the stock to continue with immediate target placed at $17.22.

( click to enlarge )

Cabelas Inc (NYSE:CAB) on the way to potential breakout over $66.24

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

Labels: , , , , , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Stockal supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google