Stocks to Watch for June 13, 2013
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NetApp Inc. (NASDAQ:NTAP) is on my watchlist for a breakout. Set an alert and keep a close eye on this one. Resistance for the breakout move is $39.15. Technicals are Bullish. OBV is rising and MACD still above 0. In addition, both 50-day EMA and 200-day EMA are both rising, showing the stock would be in bull market for a while.
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Procera Networks Inc (NASDAQ:PKT) retests the support of its 50-day EMA and closed at $13.73 with low volume, so I think we could see a bounce to $14+ in the near term. As long as the Chaikin Money Flow is positive, the stock is considered to be in an uptrend.
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Level 3 Communications, Inc.(NYSE:LVLT) broke down below its 50 & 200-day exp moving averages on decent volume. With the trend reversing, if it breaks below the next pivot point level, then the stock price could spiral downward.
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Citigroup Inc (NYSE:C) stock price is clearly in short-term downtrend. There are no signs of a recovery yet. Technical indicators are showing bearishness with MACD positive, but falling rapidly below its signal line and the RSI has slipped below its 50% level. We could see a test and possible breach of the 50-day EMA.
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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.
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
