Stocks to Watch for May 28, 2014
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Shares of Zynga Inc (NASDAQ:ZNGA) were up 3.96% today to 3.41$ recovering some of recent loses. It looks like it is starting to turn. The MACD is now showing a possible turnaround and confidence in stock improved significantly. Keep watching the stock over the next few trading days.
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Yelp Inc (NYSE:YELP) made a strong run in the last hour of the day, closing near highs on technical buying. The $65 level is a huge obstacle. If it can break through this area, buy the stock and watch it take off.
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Altria Group Inc (NYSE:MO) has been in a steady uptrend for the last four months and is now very near to break another resistance. Keep an eye on MO for a possible breakout over $40.99
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MELA Sciences Inc (NASDAQ:MELA) Looks ready for a bounce. The stock has been floating around this range 35/40c for several trading sessions in a row and I believe we could see a sharp move higher from here. Daily technical indicators are showing signs of turning around, with MACD curling up and RSI starting to turn up from deep oversold levels. In addition, it was reported today that an insider bought 87,500 shares at 38c, a clear sign of confidence and optimism. This stock is on High alert for Wednesday.
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Avis Budget Group Inc. (NASDAQ:CAR) broke out of a small consolidation range to make new 52-week highs. The stock hit a high of $57.58, which is resistance for Wednesday’s move. Keep a close eye on the stock for the follow through move.
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: CAR, MELA, MO, YELP, ZNGA
