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Wednesday, July 09, 2014 

Stocks to Watch for July 10, 2014

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Rackspace Hosting, Inc. (NYSE:RAX) broke and closed below the key EMAs 50 and 100 on decent volume today. This is a bearish development paving the way for weakness to 33. Both the MACD and RSI indicators have given bearish signals, which also confirms the bearish price action. Short setup on watch.

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DARA Biosciences Inc (NASDAQ:DARA) closed the day gaining over 5% on solid volume. The stock has started to bounce and seems to be ready for another run up. Some technicals are turning up here. Further strength above 1.34 opens the door to 1.52. Put her on your radar.

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BlackBerry Ltd (NASDAQ:BBRY) share price continues to show lot of strength. Let the profits run.

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United Parcel Service, Inc. (NYSE:UPS) Keep this Cup with Handle on your watch list. Breakout watch over 104 on volume.

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IAMGOLD Corp (NYSE:IAG) Rallied hard Wednesday on heavy volume. If it clears back over 4.19 (200EMA) may have some good upside.

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SanDisk Corporation (NASDAQ:SNDK) showed relative weakness today. The stock is trading just below its 9-day moving average but is still trading above its 20 and 50-day exponential moving averages. Although the medium/long term trend is still bullish, both the RSI and MACD indicators have given early bearish signals (negative divergences) to suggest a stock price correction.

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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