Stocks to Watch for February 19, 2014
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Renren Inc (NYSE:RENN) was one of the big winners on Tuesday. The stock broke out from a sidewards movement with huge volume, creating a significant amount of bullish potential. Looking at the chart the stock has just entered into a bull market as the stock is on top of 50-day and 200-day exponential moving averages. Other technical indicator such as MACD, is above 0 showing positive momentum. The stock hit a high of $3.78, which is resistance for Wednesday’s move. Keep it on watch.
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BG Medicine, Inc. (NASDAQ:BGMD) displayed some impressive relative strength with a 7.50% gain. On the technical side, MACD and stochastics all point to upward trend while RSI is also rising. The stock broke and closed above resistance at $1.27 and should continue to move. BGMD has a lot of upside potential, so watch it closely on Wednesday.
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BlackBerry Ltd (NASDAQ:BBRY) closed back above the 200-day EMA now at 9.44. This momentum could push this stock much higher from here. Next resistance is now seen at $10.10
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Zynga Inc (NASDAQ:ZNGA) is one of the hottest stocks of Nasdaq right now. The stock broke out on Tuesday and made a new 52-week high of $5.16. I'm keeping ZNGA on the list for the continuation move. The stock had big buyers in it all day and looks ready to make another move on Wednesday. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas.
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Gilead Sciences, Inc. (NASDAQ:GILD) Potential breakout play. Watch the stock closely tomorrow and once it breaks $84.40, get ready to jump in and buy the stock. Stop 79.96
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Pandora Media Inc (NYSE:P) had a nice bullish momentum today, gaining more than 5% and end the day near the highest price of the day. The bias is bullish in nearest term especially if price able to stay consistently above $37 targeting $40.
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Superconductor Technologies, Inc. (NASDAQ:SCON) The stock continues to sit in a consolidation range but it's displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at $2.70. If this level is crossed and the stock is able to sustain above this level, then it might go to $3.
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: BBRY, BGMD, GILD, P, RENN, ZNGA
