Stocks to Watch for January 8, 2014
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Tripadvisor Inc (NASDAQ:TRIP) broke out today above its short-term exp moving averages with a strong bullish engulfing candle. The stock price is showing increasing strength on the MACD, RSI and Slow Stochastic. At this point, the next key technical levels that traders should be watching are 87.6 and 90. The short interest is around 20%. Long setup.
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MELA Sciences Inc (NASDAQ:MELA) what a nice rally late in the day. I have to believe, that this rally will resume in earnest at the open on Wednesday. We saw today a big jump on high volumes. Unusual volume can be a strong signal that momentum traders are piling into MELA ahead of a catalyst. The accumulation/distribution line reveals a very strong buying pressure and MACD shows a significant uptrend. I believe that this is the first sign of a change in trend of the stock sentiment. I would not be surprised if the stock tests the 84c level before the week ends. Keep on watch.
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Nuance Communications Inc. (NASDAQ:NUAN) looks primed for a run. Waiting for a break above the 15.43 level for a long position. Price will continue to move up, as long as it sustains above the 20-day exp moving average. Technicals look bullish.
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Exxon Mobil Corporation (NYSE:XOM) Keep this one on watch, the stock price could be setting up to break out.
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Vipshop Holdings Ltd - ADR (NYSE:VIPS) is setting up for another big run. Keep on watch to break out to new highs. MACD is heading upwards in positive territory.
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: MELA, NUAN, TRIP, VIPS, XOM
