My Watchlist for Monday, September 12
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Chesapeake Energy Corporation (NYSE:CHK) price broke an important resistance level last week with an expansion of volume, which may now act as a support area. The Trajectories of momentum indicators on daiy charts suggest continuation of uptrend for the stock. If the stock price can break through the $7.81 level next week, we should see a strong follow-through move.
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Melco Crown Entertainment Ltd (NASDAQ:MPEL) has been in a steep uptrend for the last two weeks and is now very near to break a key resistance level. Watch over 15.61
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Liberty Media Corporation (NASDAQ:LMCK) jumped 3.84% Friday finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. This move puts the stock in high probability of a breakout above key resistance in the 23 area.
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
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Changyou (NASDAQ:CYOU) good relative strength compared to the sector on Friday. Look for a break and close above $26 to enter longs.
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Biodel Inc (NASDAQ:BIOD) has been in a bullish consolidation over the last 2 months. The major resistance stays at 47c. Fresh long positions should be made only when the stock closes above this level with an up candle on volume. Long set-up on watch.
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: BIOD, CHK, CYOU, LMCK, MPEL
