Stocks to Watch for January 29, 2016
( click to enlarge )
Facebook Inc (NASDAQ:FB) Looks ready to break out into new high territory. The daily technical chart above shows the stock is on a bull market as it is trading above both EMA50 and EMA200 and the EMA50 is on top of EMA200 heading upwards. The MACD just crossed above signal and the RSI chart is showing some strength in this movement. Watching 110.65 area for a squeeze.
( click to enlarge )
Intrexon Corp (NYSE:XON) had a strong upward jump yesterday on strong volume which broke over the expected resistance of 27.5 to 28 zone. Watch for a follow through day and consider a stop loss just below the most recent bottoming level around $25. Momentum is picking up with MACD climbing and MFI continues to trend higher. Long setup.
( click to enlarge )
Under Armour Inc (NYSE:UA) needs to take out the $85 resistance area in order to convince bullish buyers at these levels. The near-term outlook is bullish. I like the stock as a buy on any dip.
( click to enlarge )
Goldman Sachs Group Inc (NYSE:GS) is displaying a screaming buy divergence on the upside. A close above 158.24 will impart bullishness and will help the stock move to the $162 area. The stock price has been floating around this range (151.5/158) for several trading sessions in a row and I think we could see a sharp move higher from here. All major indicators are in favor of an upward price movement. Long set-up on watch.
( click to enlarge )
Kinder Morgan Inc (NYSE:KMI) has been slowly gaining traction amid strong buying pressure the last few days. A break through this 15.7 area could accelerate the stock higher.
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
( click to enlarge )
Bank of America Corp (NYSE:BAC) is in the process of bottoming and I expect a pop above $13.73 at some point in the coming days. Keep it on watch. Stop 12.92
If you want to contact me for advertising opportunities on blog or twitter, then get in touch via emailDisclaimer : 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: BAC, FB, GS, KMI, UA, XON
