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Friday, August 02, 2013 

Stocks to Watch for August 5, 2013

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Apple Inc. (NASDAQ:AAPL) is in a short-term bullish momentum with a lot of hot indicators showing up. The slope of the recent upward move is steep but has not been accompanied by a significant volume. The trend is clearly up, but getting overbought. Next buy point is when the stock makes a move above the resistance at $465.37 (EMA200) on a close basis. A correction back to the $430-440 level would not hurt the short-term trend at all, in fact, it would shake out weak hands, building a stronger base for a more sustainable assault higher. Right now, it is way too risky for a long position IMHO take a look at the chart. No position.

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Vringo, Inc. (NASDAQ:VRNG) Starting to move higher again on heavy volume. This could be the start of a rally to $4+. VRNG warrants some attention next week. Bullish Stochastic cross on daily. Next resistance lies at 3.7 then 3.83

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Himax Technologies, Inc. (NASDAQ:HIMX) Needs to hold the 50-day exp moving average at $5.98 and as long as it holds on closing basis the downside is limited. From the technical analysis perspective, the outlook for the stock is neutral. The potential Cup and Handle formation still valid imo.

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Rambus Inc.(NASDAQ:RMBS) has been in a downtrend the past few days but could have found a bottom at these levels. If the stock can break through the $10 level again, we should see a high volume upside move. I will watch the stock closely on Monday and buy once it breaks through resistance.

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Potential breakout scenario developing on the daily chart of Winnebago Industries, Inc. (NYSE:WGO). Buy signal: When stock breaks $25.15 w/ volume.

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Netflix, Inc. (NASDAQ:NFLX) A breakdown of this bear flag ( 2-hour chart ) should cause the stock to drop to the 235 level. Note the heavy selling volume last week. This pattern will be invalidated if the price moves up and break the resistance at 250 on solid volume.

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Ford Motor Company (NYSE:F) has been on a nice uptrend recently and could be ready to breakout after decent volume in the last two trading sessions. Short-term technical indicators are strong and the Slow Sto on the daily chart produced a new buy signal. If the stock can break $17.57, we should see a strong follow through move. As long as the stock stay above its 20-EMA, the short-term bullish scenario still intact.

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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.

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Hey don't stop posting i really enjoy your posts and I'm following them VRNG broke out today to 4. I'm a fan! Thank You.

From Fellow Trader,

Neil Neuwirth

Hey, keep up with the post I really enjoy them. VRNG broke out today to 4 I've been studying your post they are right on. Keep it up, I'm a fan. Thank you!!

From Fellow Investor,

Neil Neuwirth

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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