-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Chart setups to keep an eye on next week » | Stocks to Watch for April 28, 2016 » | Stocks to Watch for April 26, 2016 » | Stocks on my watchlist for next week » | Stocks to Watch for April 21, 2016 » | Stocks to Watch for April 20, 2016 » | I'm watching these 5 Biotech Stocks » | Charts for the coming week » | Stocks to Watch for April 15, 2016 » | Stocks to Watch for April 14, 2016 » 

Monday, May 02, 2016 

Stocks to Watch for May 03, 2016

( click to enlarge )

Apple Inc. (NASDAQ:AAPL) failed to break through its key technical support level for the second time and may be close to reversing course here in the short-term. The stock is in a clear downtrend mode and it is still to early to say that this downtrend has ended, however the daily technical chart is showing signals of extremely oversold conditions which can lead to powerful rallies in response. Let's see if it reverses.

( click to enlarge )

PPL Corp (NYSE:PPL) shares finally broke out above their previous high in April. The big picture has drastically changed now, the medium-term trend remains bullish and in shorter time frames the stock has just breached the horizontal resistance line confirming a breakout. As long as the stock trades above $38 I will be looking for long opportunities.

( click to enlarge )

Parkway Properties Inc (NYSE:PKY) has a daily technical chart set to breakout. As of current, the MACD has crossed above the signal line, triggering a buy for the short-term. Breakout watch over $17.26

( click to enlarge )

Cypress Semiconductor Corporation (NASDAQ:CY) Big bullish candle on expanding volume today. Looking good to go higher. Monday’s high of $9.61 is resistance for the next upside move. If the stock can break through this level, we should see a strong move. CY can be a good trading stock, so keep it on your radar for the next few days.

( click to enlarge )

Bloomin' Brands Inc (NASDAQ:BLMN) is flagging here. Watch for a break of 19.38 to continue the uptrend.

( click to enlarge )

Keep an eye on Sierra Wireless, Inc. (NASDAQ:SWIR) and monitor its volume for any potential breakouts. If the stock can manage a breakout above 16.52 on high volume, it would be a great buying opportunity but only on a breakout.

( click to enlarge )

xG Technology Inc (NASDAQ:XGTI) is a penny stock that could head higher from today's close. XGTI surged on massive volume. It continues to garner some attention. At some point the stock will explode to the upside. Keep it on your watch list. A break of $.11 with force might give the stock room to $.20

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: , , , , , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google