Stocks to Watch for June 14, 2013
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Shares of BlackBerry surged 6.49% or 88 cents to $14.44 per share after being upgraded by Societe Generale this morning from Sell to Buy. Societe Generale's Andy Perkins raised its 2013 earnings estimate to 85 cents from 71 cents, and raised his price target to $17 from $13. BBRY could make a huge comeback and resume its move to test the 52-week high IMHO !! Many of the shorters are still at a loss and will eventually cover soon. This massive cover could happen after the earnings report as over 171M shares were shorted since May 31. The technical chart shows possible new rally as %K line has crossed on top over %D line and the daily MACD also crossed above signal line. Moreover, the long term trend remains bullish, as the stock is on top of 200-day exp moving average. Put BBRY on your radar now !
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SanDisk Corporation (NASDAQ:SNDK) has been moving sideways for the past five weeks after its big move from the 50 area. Watch for a move above 60.75 to break the stock out.
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I'm watching T MOBILE US INC (NYSE:TMUS) closely for a breakout above 22, as the stock has been forming a bullish ascending triangle over the past three weeks. This pattern is a consolidation off the steep rise from 16 to 21.5 in mid-May and a break could continue the uptrend. Keep TMUS on your radar for Friday’s trading session.
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CenturyLink, Inc. (NYSE:CTL) Flagging, with possible acceleration above $36.05 resistance, with targets at around 37.4 and then 37.85.
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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
