Stocks to Watch for June 10, 2014
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Twitter Inc (NYSE:TWTR) Still watching it, especially after Monday's action. Key resistance is located at $34.89, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $37 zone. The RSI is moving higher, which is a sign of growing strength in the stock. I think its worth adding to your watchlist.
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Micron Technology, Inc. (NASDAQ:MU) A bearish rising wedge pattern on daily, with lots of negative divergences. The stock price is near the apex and should give a breakdown soon.
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Rambus Inc. (NASDAQ:RMBS) finally broke out of a bull flag to the upside that had been developing since April. $12.68 is an important resistance that once broken, will set off a huge run up in stock.
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VirnetX Holding Corporation (NYSEMKT:VHC) closed higher today on relative high volume. I think it will surpass recent highs in the near term as the potential for this stock begins to be published. A break of Monday's highs could send it to $18 and better. Keep a close eye on it tomorrow.
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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) is a stock that I wrote about recently, as one to watch for a potential reversal. Today it saw impressive buying and very little selling closing the day with a gain of 7.84% for the session. From the technical daily chart the MACD and RSI both signal positive strength. This stock remains undervalued IMHO and should be one to watch going forward.
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: AVEO, MU, RMBS, TWTR, VHC
