5 stocks to keep an eye on January 7, 2015
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WidePoint Corporation (NYSEMKT:WYY) made an awesome move today, breaking out of a small consolidation pattern with volume backed confirmation. The MACD indicator is looking to cross above the zero line and RSI is moving up, indicating short-term strength. The stock might test $1.60 level in the short-term if it is able to sustain above $1.42.
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Twitter Inc (NYSE:TWTR) broke the downtrend line today and the volume spiked along with move, which could be a sign that a new trend could be in play. Lets see whether the stock can gather enough momentum to break through $39.68 (50EMA). If the Bulls are able to push through this level, there will be another rally towards $42. Hold the stock with a stop at $35.92 if you are a short-term investor.
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J C Penney Company Inc (NYSE:JCP) shares gained ground in after hours on strong holiday sales report. This could be a positive factor for the market tomorrow. The company reported comparable store sales growth of 3.7% over the same period last year. Based on after-hours trading, the stock will face short to medium term resistance at $8. Once this level is crossed with good volumes, the stock can go to 9.20
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NQ Mobile Inc (NYSE:NQ) is showing signs of an upcoming breakout on hourly. A move above $4.50 would constitute a technical entry for the short-term trader looking for a quick trade.
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Alkermes Plc (NASDAQ:ALKS) broke resistance today, but was not able to make the expected move. It needs to break Tuesday’s high of $62.85 to expect a strong rally at this point.
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: ALKS, JCP, NQ, TWTR, WYY
