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Tuesday, December 24, 2013 

Stocks to Watch for December 24, 2013

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) is still holding its breakout point and looking strong. Look at the five big volume sessions. That's serious accumulation. Watch it if the stock breaks yesterday's highs.

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Marathon Petroleum Corp (NYSE:MPC) broke out of the pennant flag formation to the upside. Looks good for higher prices.

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DryShips Inc. (NASDAQ:DRYS) has a chart set to breakout. If the stock price can manage a breakout above $4 on high volume, it would be a great buying opportunity.

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Advanced Micro Devices, Inc. (NYSE:AMD) has been trading sideways for three weeks and appears immediately ready to break out on the upside. Daily technical indicators are showing some signs of strength. The MACD is above its signal line in positive territory and the RSI has moved above its 60% level.

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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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