Stocks to Watch for February 25, 2014
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The Blackstone Group L.P. (NYSE:BX) broke through key resistance level accompanied with high volume today, but didn't have much momentum behind the move, so keep an eye on it to see if tomorrow will confirm intraday breakout.
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Tiger Media Inc (NYSEMKT:IDI) is a stock that could head higher from Monday's close. This stock is in the process of bottoming and I expect a pop above $1.60 at some point in the coming days. From a technical standpoint, the indicator MACD still moving upwards after the bullish crossovers and the OBV continues to show strong accumulation. Keep IDI on your radar, as we could be in for a real surprise if momentum picks up and the stock begins to breakout.
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Advanced Micro Devices, Inc. (NYSE:AMD) continues to consolidate in a very tight range. What makes this stock interesting is that the range continues to shrink as the stock price hold up near the top of the range. This stock is poised for a move and we're going to be there when it happens. I suspect that it will explode to the upside.
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NVIDIA Corporation (NASDAQ:NVDA) is too extended for additional positions here. If you are a disciplined trader, wait for a pull back to decide. A good entry point for a long position would be around $17.55
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Molycorp Inc (NYSE:MCP) Today's action suggested that there is more room for the uptrend to grow on stock. A sustained break of $5.62 should bring the stock to a test of the recent highs in the $6.3 area.
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Delta Air Lines, Inc. (NYSE:DAL) has been in a steady uptrend for the last six months and is now very near to break another key resistance level. Keep an eye on DAL for a possible breakout over $32.86.
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Shares of Zogenix, Inc. (NASDAQ:ZGNX) continue to surge. The stock price is strong and getting stronger every day it seems. If it break through 5.19, then expect more upside. If this happens, ZGNX is a good play.
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: AMD, BX, DAL, IDI, MCP, NVDA, ZGNX
