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Saturday, March 10, 2018 

Here are a few stock ideas for the coming week

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Marvell Technology Group Ltd. (NASDAQ:MRVL) made a new all time-high yesterday but quickly returned to neckline support. Therefore, caution is now advisable. Wait for a clear breakout direction on volume next week before jumping on board.

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Texas Instruments Incorporated (NASDAQ:TXN) finally broke out of the resistance, which can push the stock to $120 levels. The volume was not as high as expected but it closed near the highs of the day and further upside is expected to be seen next week.

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NII Holdings, Inc. (NASDAQ:NIHD) has finally broke the pennant formation that has been confined inside with sideways range/congestion. The volume on Friday's break was great, however at the present level she's incredibly extended. I still bullish but in situations like this, I prefer to wait for a pull back rather than chase the market. From a technical standpoint, the stock is still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200-day exponential moving average.

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Kadmon Holdings Inc (NYSE:KDMN) displayed some impressive relative strength yesterday with a 10% gain. It broke out of its base formation suggesting a further move to the upside. The technical indicators are looking better now for the stock. The stock has just entered into a short-term bull market as the stock is on top of 50-day and 200-day exponential moving averages. Other technical indicator such as MACD, is showing positive momentum while RSI also show buy signal. Technically speaking the stock is now painting a short-term Bullish picture. Consistent move above $4.55 could be a beginning of a new technical bullish reversal at least testing 5.4/5.6 area.

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The sell-off in Diana Containerships Inc (NASDAQ:DCIX) has stalled. This $1.84 stock was trading over $28 a share less than five months ago. From a technical standpoint and based on the chart above, the stock has reached a point (possible double bottom) where shorts are starting to cover and new traders are accumulating, waiting for a big dead cat bounce. This is not a stock you want to be holding onto too long, but the technical chart itself is looks ready for a big reversal. Honestly, a substantial bounce lies ahead.

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Etsy Inc (NASDAQ:ETSY) Broke out on heavy volume Friday placing it again on the map for technical analysis breakout buyers. Looking for $26.23 to now act as support.

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Yield10 Bioscience Inc (NASDAQ:YTEN) is getting closer to a major break-out, so keep an eye on her for a possible breakout over $1.90 next week. Stay tuned.

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BlackBerry Ltd (NYSE:BB) continues to look good. The stock may still have potential to move higher out of these levels. From the technical analysis perspective, the outlook for the stock is relatively bullish. The RSI analysis is signaling a bullish outlook which can be further confirming in MACD and ADX charts.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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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  • I'm a 44 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.

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