Stocks to Watch for January 23, 2014
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Neptune Technologies & Bioressources-Ord (NASDAQ:NEPT) broke out of a flag pattern to the upside on expanding volume. Long positions can be considered with a stop loss of 3.03 on daily closing basis. Initial targets are 3.65 and 3.96. The MACD is rising and still in the positive zone. Long setup.
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Broadcom Corporation (NASDAQ:BRCM) broke through resistance at $29.75 accompanied with high volume. The stock price hit a high of $30.25, which is now resistance for Thursday’s continuation move. If the stock can break through resistance, we should see another strong upside move. BRCM will move very quickly, so watch the stock closely.
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Amgen, Inc. (NASDAQ:AMGN) On my swing long list. Strong Breakout. The technical daily above chart is still showing buy signal with stock trading above 50-day and 200-day exp moving averages with MACD on top of signal line in positive territory and %K line on top of %D line. Watch for next leg up. Long setup.
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Office Depot Inc (NYSE:ODP) Like it over 5.10 (50EMA)
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CombiMatrix Corporation (NASDAQ:CBMX) Strong bullish engulfing candle on the daily. Watch for a follow through day tomorrow. Next major resistance lies at 3.28.
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
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: AMGN, BRCM, CBMX, NEPT, ODP
