Stocks to Watch for August 16, 2013
( click to enlarge )
Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR) Stock price closed below its 50-day exponential moving average today for the first time since mid-July, which is a negative signal and the next major support is at 67.50. In addition, the MACD produced a new sell signal. Probably a good short here, especially if the market continues downward.
( click to enlarge )
Adobe Systems Incorporated (NASDAQ:ADBE) stock price remains under pressure and also broke down its 50-day exponential moving average today on solid volume. Therefore, below 45.71 (today's low) expect a new sell-off to at least 44. The MACD is near the negative zone and the RSI is below the 50% level, so I expect the correction to continue.
( click to enlarge )
Chesapeake Energy Corporation (NYSE:CHK) Basing here after a nice run. A rest is really good for this one as long as it holds the support of its 20-day EMA. Above 25.08 look for further upside with 25.52 and 25.60 as initial targets.
( click to enlarge )
NVIDIA Corporation (NASDAQ:NVDA) Nice move today on heavy volume. Watch for a good follow through day tomorrow. Next buy when clears the $15.5 area. From a technical standpoint, the short-term bias remains bullish on the stock, as it stays strong above both its 50-day EMA and the 14 level, which plays as a strong support since early May.
( click to enlarge )
Goldcorp Inc. (USA) (NYSE:GG) Looks ready for higher prices, buying on volume and bulliish engulfing candle. Keep on watch, may break this resistance here.
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
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
Labels: ADBE, CHK, GG, GMCR, NVDA
