Stocks to Watch for July 08, 2014
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Nordstrom, Inc. (NYSE:JWN) is consolidating its recent rally near 70 with its key resistance level looming near 70.40. The technical daily chart is still showing buy signal with stock trading above 50 day and 200 day exp moving averages, while RSI and MACD are moving up, both supporting the upside. Keep an eye for a possible breakout over $70.37.
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Apple Inc. (NASDAQ:AAPL) broke out to a new 52-week high today, accompained by a strong volume suggesting higher levels. The technical daily chart still showing a bullish bias. I suspect the stock may continue to appreciate over the coming days.
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BlackBerry Ltd (NASDAQ:BBRY) finally break out of a large cup with handle pattern and soar above the $11 mark on massive volume. Today’s high was $11.34, which is resistance for the follow through move. If the stock does break resistance, expect to see another strong upside move. Next major resistance lies at 12.02
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Intel Corporation (NASDAQ:INTC) stock is overextended and appears poised for a pullback after a period of remarkable gains. Looking at the technical chart above, it's very important to note that MACD indicator just crossed below its signal line. This is a bearish signal.
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
