Stocks to keep an eye on March 20, 2015
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Twitter Inc (NYSE:TWTR) has been consolidating in the 46-50 range since its big surge in price and volume in February. The stock today broke out of a small flag pattern that has formed in this consolidation process. The top of the range now represents the major key resistance level, which if broken could lead the price towards the October highs around the 55 area. Additionally, the accumulation indicator shows the strength of conviction behind this Bullish trend. Lets keep an eye on it.
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Nike Inc (NYSE:NKE) is trading higher after hours, as the company released strong earnings. For tomorrow, the levels to watch on upside will be at 98.86 and 99.76
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Energy XXI Ltd (NASDAQ:EXXI) still acting well in comparison to the rest of the sector. Definitely one stock to watch when Oil price eventually stabilize. From a technical standpoint it is quite likely that the stock price may have put in a short term bottom here. Good upside volume coming into this stock over the last four sessions. Important to see how this acts over the next few days. A breakout over $3.87 with strong volume would send this flying.
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In the short-term the daily chart shows a symmetrical triangle in formation in Vringo, Inc. (NASDAQ:VRNG). Decreasing volumes and increasing RSI adds strength to the pattern in formation. I'll be watching this stock closely as I expect to see a strong move once the stock breaks through resistance. A move past 87c would be a strong indicator of a further uptrend in the stock.
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
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
