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Tuesday, August 19, 2014 

Stocks to Watch for Aug 20, 2014

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Petroleo Brasileiro Petrobras SA (NYSE:PBR) showed buying strength all day on Tuesday. The stock is on the verge of breaking out and it could happen soon. If it breaks 17.70 the stock will absolutely fly into the 18's right away. Keep it on watch.

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Avago Technologies Ltd (NASDAQ:AVGO) broke out to all-time highs during today's session to $76.62 per share, however in the final hour the stock price retracted closing at $75.62. Let's see if on Wednesday the stock will confirm intraday breakout.

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Xilinx, Inc. (NASDAQ:XLNX) On watch for a potential gap fill trade. 42.54 break should get this moving.

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Bitauto Hldg Ltd (NYSE:BITA) is overextended and a possible pull back to $75 or $71 is not out of the question IMHO. Today's high volume on a negative candle could give a clue, possibly meaning the move is losing some strength.

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Baxano Surgical Inc (NASDAQ:BAXS) has fallen hard over the past several weeks and looks ready for a rebound. President and CEO bought some shares last week. The technical daily chart is not only oversold but also shows a stock ready to post a sizeable bounce. Stop 35c

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J C Penney Company Inc (NYSE:JCP) Had a nice breakout with a pop of 38c to 10.25 or 3.85% on 48 million shares. Technical chart shows a bullish sign as the stock is back on top of 200-day EMA with MACD rising and in positive territory.

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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23:18 | |

Monday, May 05, 2014 

Stocks to Watch for May 06, 2014

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) broke out from its sideways consolidation today with a 3% rally and a close over resistance at $6.75. Look for follow-through on Tuesday with increasing volume to confirm today's move.

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Inovio Pharmaceuticals Inc (NYSEMKT:INO) Despite today's weakness, the short-term technical indicators have showed some improvement. The the macd is generating a fresh Bull cross while Slow Stochastic still moving up.

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Avago Technologies Ltd (NASDAQ:AVGO) might attempt to breakout above $66 level again and if it succeed we should expect a strong move to the upside.

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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22:24 | |

Friday, June 14, 2013 

Stocks to Watch for June 17, 2013

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Avago Technologies Ltd (NASDAQ:AVGO) is nearing a key resistance level in the 38 area that has contained prices on three occasions in the last weeks. Considering the strong momentum this week on decent volume, I think AVGO looks set to break higher and rise above its 52 week high of 38.27. The support level is located at 36 followed by 35.62. Keep this stock in your radar list.

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GT Advanced Technologies Inc (NASDAQ:GTAT) broke major support today at 3.94, targeting the next major support in the 3.45-3.40 range. Technicals are bearish now.

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Citigroup Inc (NYSE:C) is approaching a key support level at the 50-day exp. moving average of 48.86. A breach of this important support level could lead to more downside. Technical indicators are turning bearish. The MACD is positive but falling below its signal line and the relative strength indicator has slipped below its 50% level.

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Yelp Inc (NYSE:YELP) broke resistance at 30 on volume slightly above average. All three EMA's are rising and the stock is trading above them. MACD is about to cross above signal line. The bulls are clearly regaining control. Watch the $32 as potential resistance.

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LinkedIn Corp (NYSE:LNKD) gave a pocket pivot buy point today, rising in higher volume. From a technical standpoint, technical indicators are beginning to turn bullish. The MACD has crossed above its signal line and the RSI has moved above its 50% level.  Watch for a good follow through day next week. 

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Bank of America Corp (NYSE:BAC) There is a possible small head and shoulders developing on daily, neckline 12.87. Price above 13.55 invalidates this pattern. Technical indicators are beginning to look bearish. The MACD has crossed below its signal line in positive territory and the RSI is slightly below its 50% level.

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 | |

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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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