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Wednesday, February 12, 2014 

Stocks to Watch for February 13, 2014

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Recon Technology, Ltd. (NASDAQ:RCON) looks very bullish on charts. The stock made a breakout of its recent high with high volumes closing the day with a gain of 60 cents to $5.27. For now, expect a run up to next resistance area around $5.50. Technical indicators are supporting the bulls.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) broke and closed above its 50-day exponential moving average with high volume. Short-term technical indicators are improving and ADX on the daily chart produced a new buy signal. If the stock can break Wednesday’s high, we should see a strong follow through move. ACHN will move very quickly, so keep a very close eye on the stock.

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NiSource Inc. (NYSE:NI) Looking for a breakout above 34.81. Momentum picking up with MACD climbing and RSI rising. Buy stop set.

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Goldman Sachs Group Inc (NYSE:GS) Possible Bottom. The stock has a 52 week high of $181.13 and traded over $180 in early of January. I think the stock could be close to bouncing from current levels. The technical indicator MACD has started to converge on the signal line, and could be ready to do a bullish cross-over. Stochastics are also starting to show an upward move.

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First Solar, Inc. (NASDAQ:FSLR) We are getting closer and closer to a resolution of the current descending channel. If it breaks the channel to the upside it is likely to continue up to 58 and ultimately test $62. The positive divergence on daily MACD, shows that momentum is picking up.  The indicator RSI is also moving up and above its 50% level. Additionally, short-term EMAs are moving up. A breakout to the upside is possible, initiating the next wave higher. Keep it on watch.

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 follow you on Twitter and recently came on your blog. Luckily, my own scan had the same stocks you had today. I got to say, you had a great call on STXS. You really nailed it. Keep up the great work. I too have ACHN for tomorrow.

Best,
Terry

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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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