Stocks to Watch for June 12, 2013
( click to enlarge )
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.
( click to enlarge )
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.
( click to enlarge )
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
( click to enlarge )
Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Stalking. Breakout watch above 16.25.
( click to enlarge )
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.
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
Labels: ANGI, DAL, LEDS, MCRI, WYNN
