Stocks to Watch for August 28, 2013
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Las Vegas Sands Corp. (NYSE:LVS) broke down today below its rising 50-day exponential moving average, accompanied by strong volume. With the short-term trend reversing, I see the next key level of support at $52.9. The technical chart shows a bearish tone for stock with MACD and RSI showing weak signal as MACD is below its signal line and RSI dropping below 50% level.
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Bearish technical outlook resulting from the breakdown of the 50-day exponential moving average at 21.3. The stock outlook has deteriorated significantly over the past week. Charles Schwab Corp (NYSE:SCHW) shares are likely to drift lower to test its immediate support at 20. If that support failed, it will test the next support at 19.47
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Amazon.com, Inc. (NASDAQ:AMZN) broke down on volume higher than Monday's level. Look for this to test the 200-day exponential moving average.
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Metlife Inc (NYSE:MET) This is a broken chart IMHO. Looks good for lower prices.
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Popular Inc (NASDAQ:BPOP) looks done as well. Next short area is when it breaks this support.
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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
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: AMZN, BPOP, LVS, MET, SCHW
