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Wednesday, January 01, 2014 

Stocks to Watch for January 2, 2014

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The recent pull back on Gulf Resources, Inc. (NASDAQ:GURE) created a great buying opportunity IMHO. The stock closed again above its 50-day EMA and is registering a Bullish signal. %K line has just crossed on top over %D line and MACD momentum has also turned around, a positive signal. Let’s see whether the stock can gather enough momentum to break through $2.61. If the Bulls are able to push through this level, there will be a strong rally towards $3. GURE seems to be the next China stock to go. 

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WidePoint Corporation (NYSEMKT:WYY) I still think there is another upside move coming soon. The stock price has been on the rise, forming higher highs and higher lows, and even after this pullback, it's still holding above all its major exponential moving averages, which is very positive. The stock remains under strong accumulation. Long setup.

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Riverbed Technology, Inc. (NASDAQ:RVBD) The recent increase in trading volume in the last sessions and rising OBV (On-Balance Volume), suggests buyers are accumulating stock. Next resistance is now located at $18.46, a break above this level will confirm the bullish trend and the following uptrend will take price up to 19 zone.

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Iron Mountain Incorporated (NYSE:IRM) Momentum play. Watching over $30.80

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Microsoft Corporation (NASDAQ:MSFT) looks a nice long candidate. The technical indicators are displaying good signs. Buy at the break of $37.62 with a stop at 35.51.

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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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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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