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Saturday, June 01, 2013 

Stocks to watch for the first trading day of June

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Health Management Associates Inc (NYSE:HMA) Strong breakout on high volume. I will be watching the stock again on Monday for a continuation move through Friday‚Äôs highs of $14.13. The MACD indicator on chart shows the strength of conviction behind this Bullish trend. Lets keep an eye on it.

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Marathon Petroleum Corp (NYSE:MPC) It's trading near the apex of triangle and could break either way at this point. Play accordingly.

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As you can see in the chart above, last Friday the stock closed right at the 20-day EMA support level. If it breaks through and also closes below this key level, the price could have a further decline with a downside target around 6. Technicals are showing that a potential short-term top may be in place.

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ITT Educational Services, Inc. (NYSE:ESI) closed last week below the key resistance of 24.53 (EMA200), so the pullback should continue next week.

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Microsoft Corporation (NASDAQ:MSFT Consolidating nicely after a big run. For the coming week, watchout for a possible breakout over $35.27 which is the previous high.

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MBIA Inc. (NYSE:MBI) is still flagging. Keep this on your watch, lets see if it can break the flag and head higher next week.

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RR Donnelley & Sons Co (NASDAQ:RRD) Breaking out to new highs on solid volume, looks good for higher prices.

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.

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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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