Stocks to Watch for April 29, 2014
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Shares of Sodastream International Ltd (NASDAQ:SODA) gained more than 5% today closing near its highs of the day with solid volume. The stock price is holding up nicely above the key support of $40 in this weak market environment. On the daily chart basis, the technical indicators are looking better now for the stock. A positive MACD cross has occurred and RSI is moving up strongly. The stock hit a high of $45.79 on the day, which is resistance for Tuesday’s continuation move. If the stock can break through this level, I expect to see a strong upside move.
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Quicksilver Resources Inc (NYSE:KWK) Strong volume breakout of a bullflag pattern. Look for the $3.67 level as next target.
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Pepco Holdings, Inc. (NYSE:POM) Broke out to a new all-time high today, accompained by a strong volume suggesting higher levels. The stock hit a high of $23.2 which is now resistance for Tuesday’s follow through move.
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Reynolds American, Inc. (NYSE:RAI) looks to have consolidated and may be getting ready for another leg higher. Long entry is over 56.1
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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
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
