Stocks to Watch for June 05, 2013
( click to enlarge )
Endeavour International Corporation (NYSE:END) Daily technical indicators are looking better for the stock with MACD indicator above its sell signal line in positive territory, %K line on top of %D line and the RSI indicator is moving up from the 50 level. Upside volume is picking up and a rounding bottom is taking shape. Needs to close above 4.04 resistance with decent volume for breakout confirmation.
( click to enlarge )
Multimedia Games Holding Company Inc (NASDAQ:MGAM) Flagging above 20-day EMA. Watching over 26.35
( click to enlarge )
Charter Communications, Inc. (NASDAQ:CHTR) looks to be setting up for an upside move, as the stock has held up well the past few sessions. Breakout watch above 116.42
( click to enlarge )
InterDigital, Inc. (NASDAQ:IDCC) The near-term outlook is bearish and the stock could drop to the 200-day exp. moving average at $41.74. The technical chart shows bearish signs with the stock below its major short-term moving averages. In addition other technical indicators such as MACD and Stochastics show negative divergences as MACD is below signal line and %K line is dropping below %D line. The volume also has been high on the recent pullback, which is not a good thing for the bulls.
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
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
