Stocks to Watch for May 22, 2013
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Cell Therapeutics Inc (NASDAQ:CTIC) broke out a major resistance line today on heavy volume and I expect another strong move tomorrow. Today’s high was $1.43, which is resistance for the follow through move on Wednesday. If the stock does break resistance, expect to see another strong upside move. Looking at the technical chart there looks to be more room in this move, so watch the stock closely over the next few days.
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LinkedIn Corp (NYSE:LNKD) parabolic SAR and MFI are declining. The MACD is slightly positive but continues to fall, so my bias is down.
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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Strong volume last week. Looks ready to breakout this week. Keep an eye for a possible breakout over $14.24.
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OpenTable Inc (NASDAQ:OPEN) broke out of a cup with handle pattern today accompained by a strong volume suggesting higher levels. The technical daily chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.
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ITT Educational Services, Inc. (NYSE:ESI) I took a short position in the stock when it was at 28.21. Over the past 2 months, the stock has risen 150%. If we look at the chart, the stock has a strong resistance at around 28.85 and the rsi shows extreme overbought levels. I think that the stock looks overextended in the short term and a pullback is more than likely going to happen relatively soon.
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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
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: CTIC, ESI, LNKD, MDRX, OPEN
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