Stocks to Watch for September 5, 2014
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Digital Ally, Inc. (NASDAQ:DGLY) Could go either way here. In the short-term, watch for a break of the highs or break below the 22 level. It's not overbought now.
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Pandora Media Inc (NYSE:P) ended Thursday's session at 25.89, shedding 5.61% on high volume. The stock price closed below its major EMAs. In addition, momentum indicators suggest continuation of interim weakness. Warning sign, so keep a close eye on price action tomorrow. The stock is likely to test support at 24 levels.
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TASER International, Inc. (NASDAQ:TASR) is "banging its head" on this key resistance level, the key here is a breakout on heavy volume.
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Second distribution day this week for Apple Inc. (NASDAQ:AAPL). Today's close confirmed the bearish engulfing price action pattern that was left on candlestick chart Wednesday. It is likely to show further down side if the stock fails to hold above 97.
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Keep an eye on Facebook Inc (NASDAQ:FB). If it breaks this ascending trend line and EMA20 on volume, go short IMHO. The current valuation is a bit high right now.
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: AAPL, DGLY, FB, P, TASR
