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CSX Corporation (NYSE:CSX) has had a strong week and today it finally broke through its 100-day EMA. The volume confirmed the breakout as it was greater than average. Look for the stock to test the prior highs of October.
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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) finished the day up 15.6% on solid volume of over 23 million of shares exchanging hands on the day. With no resistance between $87 and the 20-day EMA a break above the $87 level can see the stock trade in the $90 area pretty soon. Momentum indicators are slightly bullish now with RSI inching away above the 30% level. Have this on your watchlist.
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Dicks Sporting Goods Inc (NYSE:DKS) has been bouncing nicely and is now trading in the 'gap' area between 37.22 and 39.91 levels. Keep your eyes on this one, it has a nice gap to fill.
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Pacific Biosciences of California (NASDAQ:PACB) The stock continues to act strong setting new highs. Daily technical indicators are looking quite overbought but can stay there for long periods of time. Let the profits run using the rising EMA9 as stop.
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Zix Corporation (NASDAQ:ZIXI) finally broke out to the upside on heavy volume today. Buyable on a pullback to the pivot.
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.
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AC
Labels: CSX, DKS, PACB, VRX, ZIXI