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Tuesday, June 11, 2013 

Stocks to Watch for June 12, 2013

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Angie's List Inc (NASDAQ:ANGI) is looking quite good here for higher prices. Buy point is right around 26.72 or so on strong volume with a target of about 31. 

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Short-term technical indicators continue to deteriorate into bearish signals. I remain bearish on Wynn Resorts, Limited (NASDAQ:WYNN) and I believe we will break the 50-day EMA very soon.

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I like SemiLEDs Corporation (NASDAQ:LEDS) recent price and volume action.  Technically the stock looks solid trading above its 50 and 200 day exp moving averages. My model is long, targeting 2.5 area. The stock needs to stay above key level $1.64 to keep the bullish scenario intact. Resistance Levels: 2.09 / 2.23  Support Levels: 1.78 / 1.64

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Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Stalking. Breakout watch above 16.25.

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The short and medium-term trend in Delta Air Lines, Inc. (NYSE:DAL) looks promising. The stock is currently consolidating sideways after hitting a high of $19.43 in mid of May and may still have a chance to move higher. Short-term support exists at $18.08 and the next support level is $17.32. Short-term resistance exists at $18.88.

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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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