Stocks to Watch for July 24, 2014
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Wal-Mart Stores, Inc. (NYSE:WMT) had a slightly bullish day today, closing with a gain of 35 cents to $76.99. The stock price is still in a short period of consolidation, moving sideways since 3 weeks ago. The bias remains bullish in short-term testing 77.57-77.76 resistance area.
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Netflix, Inc. (NASDAQ:NFLX) continued its bearish momentum today, closing the day near the key support of 425.45. My technical outlook remains bearish. A clear break and close below that area could trigger further bearish pullback testing 400.
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SanDisk Corporation (NASDAQ:SNDK) is still showing relative weakness. I think the stock is forming here a bear flag pattern on daily and then it will collapse to 90.
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What a rally for Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) late in the day. I have to believe that this rally will resume in earnest tomorrow. I feel a rally to $6 and better is in the cards short term. Stop 5.52 9EMA
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Jamba, Inc. (NASDAQ:JMBA) That is a good looking chart. It's a buy on a daily close above 12.44. Stop loss 11.92
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Baxano Surgical Inc(NASDAQ:BAXS) Technical indicators are displaying positive divergences and I think we could see a strong reversal over the coming days. The stock price sits right at its 52-week low and has fallen from over $1.70 a share to the current $.50 price. Today's heavy volume could be signaling a temporary bottom.
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: ARIA, BAXS, JMBA, NFLX, SNDK, WMT
