Stocks to Watch for December 12, 2014
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Alibaba Group Holding Ltd (NYSE:BABA) This technical chart shows a stock that is currently in a downtrend making a series of lower highs and lower lows. Basically, the stock needs to break the resistance at 108 to change the direction. Bears are in control.
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MOL Global Inc (NASDAQ:MOLG) is finally starting to break out of a base formation. The stock hit bottom in the low $2.50's and has started to work its way higher. Momentum indicators suggests that the stock price is gaining strength and can see some more upside till 3.9-4.12 levels. Stop 2.41
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Facebook Inc (NASDAQ:FB) saw continued buying pressure today and indicators are giving the first bullish signs. Lets see if we can get a move back over $79.
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Office Depot Inc (NASDAQ:ODP) had a strong move today as the stock set new 52-week highs. ODP hit a high of $7.74, which is resistance for the follow through move. The medium-term trend is bullish as the stock is above 50-day and 200-day EMAs with both moving averages going up. You should watch this stock closely on Friday.
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Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) showed buying strength all day. The stock is on the verge of breaking out of this consolidation and it could happen very soon.
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8x8, Inc. (NASDAQ:EGHT) Buy area when clears the upper line of this range $8.15 on heavy 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: BABA, EGHT, FB, MOLG, ODP, VRTX
