Stocks to keep an eye on May 06, 2015
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Ambarella Inc (NASDAQ:AMBA) In the last trading session, the stock price broke through its 13 & 20 exponential moving averages and closed down $2.88 at 72.52. The daily technical chart is showing a slightly bearish bias. A break below the support at 70 will open the way for a further move lower to 68.30. Only a daily close above 77.50 will negate the short-term bearish trend.
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Twitter Inc (NYSE:TWTR) has reached the major support zone. With the RSI at historical low in the daily chart, we could see a bounce anytime.
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Amira Nature Foods Ltd (NYSE:ANFI) The stock had a bullish momentum today, gaining more than 7% and closing near the highs of the session. So, with the bulls pushing shares higher I expect to see a continuation of high volume and price appreciation in tomorrow's market. The stock has built a durable base at $9 and has begun to move strongly off that base and now the stock is under accumulation again.
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Amedica Corporation (NASDAQ:AMDA) There is something important to point out in this daily technical chart, the volume is daily increasing which could mean that the current trend will probably not continue and a reversal may be imminent. Keep an eye for a possible breakout over 30c
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
Labels: AMBA, AMDA, ANFI, TWTR
