Stocks to Watch for January 6, 2014
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Shares of Vringo (NASDAQ: VRNG) surged 7.22% on Friday to 3.12 after a court in Virginia ruled in its favor against Google, AOL Inc. and others . On the technical side, the chart above now shows more positive sign, as the stock price is now back to uptrend with %K line rising on top over %D line and MACD shows a bullish cross. This could be probably a good time, to start accumulating the stock. Watch for possible gapper on Monday.
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Is China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) on your Radar ? It Better Be !! As can be seen by the technical chart above, the stock price has been making higher highs and higher lows on daily charts after bottoming in early August. The stock price broke out of a small flag consolidation yesterday and looks perfectly placed to move towards $2 again. Momentum indicators suggest that bias is still to the upside and AC/DT line shows that the stock has been under strong accumulation. Take a look at the technical chart above and you can see the recent spikes on heavy volume. In addition, the company has strong fundamentals and an attractive buying price. Stop 1.33 ( 200EMA which has been supporting the uptrend so far since August). My first tartget is 2.25-2.30
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Corning Incorporated (NYSE:GLW) continued its bullish momentum yesterday, topped at 17.96 and closed at 17.89. I definitely like the way its trading at this moment and at some point I think the stock price will leap over $18. Do not forget about the potential of this company after the recent positive news. Long setup.
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YY Inc (NASDAQ:YY) Stock price broke out of a three-month consolidation period on heavy volume, making a new all-time high over 58. From a technical standpoint the MACD generated a buy signal last week, plus the RSI turned upward. The stock looks good for more.
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Citigroup Inc (NYSE:C) is looking pretty good now after breaking out of a small bull flag pattern to the upside on expanding volume. The MACD is positive and above its signal line and the RSI is also rising. Watchout for upcoming resistance at 53.68.
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Twitter Inc (NYSE:TWTR) Short-term bullish bias continues, ready to break 71 next week ? The stock price had a significant bullish momentum last week, closing Friday above 67 on solid volume. As you can see on my hourly chart, price seems ready to test a key short-term resistance level at 71. A clear daily close above that level could trigger further bullish scenario testing 73.60, 73.75 even 74.73. On the downside, only a daily close back below 66 area could be a threat to the current short-term bullish trend, testing 65 area or lower. Have no position, just watching.
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Brocade Communications Systems, Inc. (NASDAQ:BRCD) is close to attempting another breakout. This strength is confirmed by price movement as well as momentum indicators. Fresh exposures may be considered on a move past $9.03, with a stop-loss at $8.44.
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JDS Uniphase Corp (NASDAQ:JDSU) Stock price has recaptured the 50-day exp moving average with a very nice reversal candle. Look for follow-through on Monday with increasing volume to confirm Friday's move.
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WidePoint Corporation (NYSEMKT:WYY) had a healthy pullback last week. Friday's rally could be the start of the next bull trend. I'm still holding my long position.
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: BRCD, C, CNTF, GLW, JDSU, TWTR, VRNG, WYY, YY
