Stocks to Watch for April 30, 2014
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Novavax, Inc. (NASDAQ:NVAX) finished the day up 13.96% on huge volume of over 9 million of shares exchanging hands on the day. Looking at the technical chart this looks to be just the beginning of NVAX's run and I am extremely confident that the gains will continue. The stock appears to be under accumulation again. The MACD momentum is rising and RSI is on a strong uptrend, which when combined with the strengthening MACD could spell a strong move for the stock. Key resistance is now located at $4.63, a break above this level will confirm the bullish trend and the following uptrend will take price up to $5 zone.
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Sodastream International Ltd (NASDAQ:SODA) pulled back today on low volume after yesterday's run up. To be bearish on SODA, this pullback should have had more volume to support that move. Yesterday's volume to the upside was strong. From a technical standpoint, the short-term is still looking bullish to me as momentum indicators remain pointing north.
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I have been following AOL, Inc. (NYSE:AOL) for a few days now and surprisingly the stock showed some strength today. A break of $43.30 with force might give room to $46.
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Notice that BlackBerry Ltd (NASDAQ:BBRY) is beginning to make a move higher and looks like it is gonna squeeze some shorts here. Volume starts to pick up. Nearest resistance for the stock is at $7.70. If this level is crossed and the stock price is able to sustain above this level, then it might go to $8/8.15. On the downside, the stock has a strong support at $7.15.
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Marathon Oil Corporation (NYSE:MRO) Keep an eye for a possible breakout over $37
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: AOL, BBRY, MRO, NVAX, SODA
