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Wednesday, January 22, 2014 

Stocks to Watch for January 23, 2014

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Neptune Technologies & Bioressources-Ord (NASDAQ:NEPT) broke out of a flag pattern to the upside on expanding volume. Long positions can be considered with a stop loss of 3.03 on daily closing basis. Initial targets are 3.65 and 3.96. The MACD is rising and still in the positive zone. Long setup.

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Broadcom Corporation (NASDAQ:BRCM) broke through resistance at $29.75 accompanied with high volume. The stock price hit a high of $30.25, which is now resistance for Thursday’s continuation move. If the stock can break through resistance, we should see another strong upside move. BRCM will move very quickly, so watch the stock closely.

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Amgen, Inc. (NASDAQ:AMGN) On my swing long list. Strong Breakout. The technical daily above chart is still showing buy signal with stock trading above 50-day and 200-day exp moving averages with MACD on top of signal line in positive territory and %K line on top of %D line. Watch for next leg up. Long setup.

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Office Depot Inc (NYSE:ODP) Like it over 5.10 (50EMA)

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CombiMatrix Corporation (NASDAQ:CBMX) Strong bullish engulfing candle on the daily. Watch for a follow through day tomorrow. Next major resistance lies at 3.28.

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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23:07 | |

Tuesday, April 02, 2013 

Stock Watch List for Wednesday, April 03

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The 6 months technical chart of Microsoft Corporation (NASDAQ:MSFT) appears to have shaken off the bears, as the stock hit another four-month high today. Daily technical indicators are bullish. The MACD has crossed above its signal line in positive territory and changed its sideways trend. The RSI is also moving up above its 50% level. Long setup.

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Netflix, Inc. (NASDAQ:NFLX) Daily technical indicators are looking bearish to me. The MACD is positive, but falling below its signal line. The RSI has slipped below its 50% level for the first time since November 2012 and the Accumulation/Distribution line is turning down. Some more correction can be expected. If it breaks the support level of its 50-day MA, it is likely to continue its way down until it reaches the next support level wich is at 160.

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Research In Motion Ltd (NASDAQ:BBRY) Bulls still in control. I expect a breakout over $15.55 any day now.

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Gencorp Inc (NYSE:GY) can potentially set-up very well for a swing-trade if it breaks through the resistance level at $13.81.

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National Financial Partners Corp. (NYSE:NFP) consolidating in a tight range, probably need a catalyst here. Play the reaction.

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Team Health Holdings LLC (NYSE:TMH) is a potential breakout play. Momentum picking up with MACD climbing and RSI rising. Breakout watch over $37.15.

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Amgen, Inc. (NASDAQ:AMGN) broke out and never stopped all day. There is a good chance the stock will continue to move up.

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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22:49 | |

Saturday, April 25, 2009 

Stocks to watch next week - Canadian Solar, Hewlett-Packard and Amgen

Chart courtesy of www.stockcharts.com ( click to enlarge )

AMGN - The break of the 50-day moving average with heavy volume should be the next buy point on Amgen. The technical daily chart above shows the momentum indicators have turned up and the RSI is on the rise. Although both 50 day and 200 day moving average are showing weakness, KD line is indicating upward swing. For the short term the stock should still continue to go up. A close above 50.05 would have positive implications and could push the stock to the 51-52 range.

Chart courtesy of www.stockcharts.com ( click to enlarge )

HPQ is holding above the 13-day moving average at $34.81. Short-term investors can hold the stock as long as it trades above this support. Any close below this level would indicate that this current rally may be near the end.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CSIQ - The near-term trend is bearish and the stock faces resistance at 6.10-6.39. A close above this range is a pre-requisite for the reversal of the bearish trend. Technically, the daily chart shows possible new rally as K line has crossed on top over D line while ROC is still at oversold level. However it is better to wait and see if the stock can break above its 13 day moving average.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks. See you on Monday !!!

AC

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09:26 | |

Friday, January 18, 2008 

Trade Ideas for Friday - GOOG, APOL ,CNXT, AMGN, CSUN

Chart courtesy of stockcharts

On the down side in the Solar sector, CSUN is the only stock down 10 days in a row, so I think we should see a bounce at these levels.

Chart courtesy of stockcharts

AMGN - In the daily chart above the stock is forming a possible Inverted Head and Shoulders Pattern. These formations normally indicate a trend reversal, let's see if the stock price will confirm it. The break of $48.45 level with heavy volume should be the next buy point on AMGN.

Chart courtesy of stockcharts

CNXT - MACD Fast line crossed above 0 or MACD Slow Line, producing a Buy signal. Keep an eye on stock for a possible breakout above its 20 dma, now at $0.77.

Chart courtesy of stockcharts

APOL - Once again the stock failed to breakout above the $81 level. It looks like it will test 50-day moving average before move up again. Although the technical chart shows some negative indication as K line is now below of D line, since both 50 day and 200 day moving averages are still going up the stock is still in a bull market.

Chart courtesy of stockcharts

GOOG - The stock broke down through the $622 support line accompanied by volume. If Google doesn’t close tomorrow above this mark, we should see more declines in share price. The stock is very weak as MACD is still deep below 0 and the stock is deep below 50 day moving average.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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02:14 | |

Friday, May 11, 2007 

AMGN shares were down

Chart courtesy of stockcharts

On the other hand AMGN shares were down nearly 2% to 56.30$ after J.P. Morgan and Citigroup downgraded stock due to concerns about its anemia drug. Looking at the chart stock drop significativily since yesterday, from 62 to 56. All Indicators are now in Bearish territory with MACD below 0 and RSI in oversold conditions, the only positive aspect that chart show, is that stock have closed above the major support at 55$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a great weekend !!!

AC

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21:38 | |

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  • 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.

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