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Monday, August 05, 2013 

Stocks to Watch for August 6, 2013

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Winnebago Industries, Inc. (NYSE:WGO) was on my watchlist. The stock broke out late in the session to close at its highs on strong volume, so watch for follow through day.

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BlackBerry Ltd (NASDAQ:BBRY) bounced in a big way today amid some decent buying and looks to continue its upward trajectory on Tuesday. I believe there is more upside to this bounce and would recommend keeping your eyes on BBRY tomorrow.

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Inovio Pharmaceuticals Inc (NYSEMKT:INO) has been is on a remarkable run since June and it does not look like the trend will change soon. The stock has been hitting higher highs and higher lows amongst strong RSI price points. In fact, the RSI is showing multiple points of overbought periods. At this point, any dip should be used as opportunity to buy.

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InterDigital, Inc. (NASDAQ:IDCC) looks done IMHO from a technical standpoint, probably a good stock to short on any pops. The technical dail chart above now shows bearish sign as the 50-day exp moving average has crossed below 200-day exp moving average to form Death Cross, a strong sell signal. In addition, other technical indicators such as RSI and ADX also show weak signal as RSI is below 50%level and +DI line is below -DI line. Next major support lies at 35.41

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Expedia Inc (NASDAQ:EXPE) like for a potential gap fill over $51.35

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America Movil SAB de CV (ADR) (NYSE:AMX) waiting for a break and close above the $22 level for a long position.

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Keep an eye on Addus Homecare Corporation (NASDAQ:ADUS), may want more highs. Short-term momentum indicators have turned up and the RSI is on the rise.

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.

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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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