( click to enlarge )
Research In Motion Limited (NASDAQ:RIMM) produced a strong bullish
breakout with yesterday's 4.66% gain. The stock broke out from a pennant
pattern with a very large volume and closed above its recent highs. I'm
suggesting long positions now or on a dip back toward the $8.83-9 zone.
I have two targets. My first target is $9.57 and the second target is
10.23 ( its simple 200-dma ). I tweeted the breakout.
( click to enlarge )
Chemtura Corporation (NYSE:CHMT) broke out to new highs for the year
and has a very good medium term daily chart showing signs of a
turnaround. Support at $17.49.
( click to enlarge )
GameStop Corp.(NYSE:GME) Broke out from a consolidation pattern with
strong volume Friday after a failed attempt last week. The huge volume
increase suggests that a lot of buyers like this stock. Support at
$22.70
( click to enlarge )
Kellogg Company (NYSE:K) is building a nice optimistic pattern under
resistance at $54.79. Watch for a break through that price level to
indicate that another push higher will occur. Support at $53
( click to enlarge )
Regeneron Pharmaceuticals Inc (NASDAQ:REGN) broke out of its 50-dma on
heavy volume for the first time this month, a bullish sign with a
bullish engulfing pattern after two-days pullback. The MACD has already
generated a buy signal. Watchout for the following resistance at $166.39
which is the previous high.
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
Labels: CHMT, GME, K, REGN, RIMM