Stocks to Watch for September 2, 2014
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Wynn Resorts, Limited (NASDAQ:WYNN) closed last trading session of the month at 192.88, loosing 1.99% with 2 million shares traded. The stock has broken the key support at 193, confirming persistent selling pressures. Daily technical indicators are bearish with MACD below its signal line and falling deeper in negative territory. I expect more downside, with a target of 185. Short setup.
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MGM Resorts International (NYSE:MGM) Interesting potential short setup developing here. The failure to break the resistance area between 25 and 25.50 (50EMA) coupled with the break of the support at 24.50 favour the start of a new short-term phase of weakness. Key supports are at 23.98 and 22.52
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Activision Blizzard, Inc. (NASDAQ:ATVI) The stock shows signs of recovery with its recent up move supported by short-term EMAs and momentum indicators. 23.79 next breakout watch.
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IAMGOLD Corp (NYSE:IAG) is still coiling just under the 200-day EMA and appears about ready to make a new breakout soon. Hold the stock with a stop at $3.81 (100-day EMA).
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Duke Realty Corp (NYSE:DRE) Watching 18.80 area for a range break.
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Gramercy Property Trust Inc (NYSE:GPT) The above chart shows an ascending triangle formation on daily. Watching 6.26 area with volume.
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: ATVI, DRE, GPT, IAG, MGM, WYNN
