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Saturday, May 31, 2014 

Six trading ideas for next week

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Shares of Apollo Education Group Inc (NASDAQ:APOL) are in a bearish trading condition. The fall in the stock has been extended by the violation of its 200-day EMA at $27.75 and as long as the stock trades below this key daily moving average stay bearish, this bearish trading condition will prevail. The stock has a strong support in the level of 26, but any close below this level could start a new sell off. Indicators continue to look weak. The technical indicator MACD is in negative zone and below the signal line and the RSI is below the 50% level. Bears are in control.


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Juniper Networks, Inc. (NYSE:JNPR) Friday's big reversal on heavy volume, created a bearish engulfing candle on the daily chart. Look for a move to 23.81/23.55 and if it breaks watch out.

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Netflix, Inc. (NASDAQ:NFLX) The stock has gone up too much and too fast. The fundamentals of this company do not justify the current share price, in my honest opinion. It is currently trading with a P/E of 157. From a technical standpoint, the stock has touched a strong resistance zone on Friday and could head sideways to downwards next week. In addition, the RSI on daily chart has entered in the overbought territory, which means that the bias could be to the downside. The insiders have been bearish about the stock with very heavy selling since the start of the year.

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Trinity Industries Inc (NYSE:TRN) is another overextended stock that looks vulnerable to a sharp correction. On Friday, the stock gave the first signal of weakness, making a new year high but closing on the low on higher volume. Daily chart momentum oscillators are overbought with signs of bearish divergence, indicating that long positions should be avoided.


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Himax Technologies, Inc. (NASDAQ:HIMX) Technical daily chart looks really bad. Friday's drop was on heavy volume again and the stock closed near the major support. There is a good chance to see $5.50 or even much lower price if the stock price fails to hold this key support area in next few sessions.

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Nokia Corporation (NYSE:NOK) has been in a large bullish consolidation over the last seven months and appears ready for another breakout. Keep 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'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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