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Thursday, December 11, 2014 

Stocks to Watch for December 12, 2014

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Alibaba Group Holding Ltd (NYSE:BABA) This technical chart shows a stock that is currently in a downtrend making a series of lower highs and lower lows. Basically, the stock needs to break the resistance at 108 to change the direction. Bears are in control.

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MOL Global Inc (NASDAQ:MOLG) is finally starting to break out of a base formation. The stock hit bottom in the low $2.50's and has started to work its way higher. Momentum indicators suggests that the stock price is gaining strength and can see some more upside till 3.9-4.12 levels. Stop 2.41

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Facebook Inc (NASDAQ:FB) saw continued buying pressure today and indicators are giving the first bullish signs. Lets see if we can get a move back over $79.

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Office Depot Inc (NASDAQ:ODP) had a strong move today as the stock set new 52-week highs. ODP hit a high of $7.74, which is resistance for the follow through move. The medium-term trend is bullish as the stock is above 50-day and 200-day EMAs with both moving averages going up. You should watch this stock closely on Friday.

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Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) showed buying strength all day. The stock is on the verge of breaking out of this consolidation and it could happen very soon.

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8x8, Inc. (NASDAQ:EGHT) Buy area when clears the upper line of this range $8.15 on heavy volume.

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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22:13 | |

Friday, March 22, 2013 

Stocks to watch next week

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Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) finally broke above resistance in today's trading session after a period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move. Resistance for Monday is $54.15, which was today's high.

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Research In Motion Ltd (NASDAQ:BBRY) lost 7.9% on heavy volume but closed above its 50-day moving average. If the stock can hold this level on Monday it should be a really good entry point to take a long position jmho From a technical perspective the stock is on a bull market as the stock is trading above both 50-day and 200-day moving average and 50-day moving average is on top of 200-day moving average heading upwards. Additionally, the MACD indicator is rising above 0 also indicating a buy. Monday will be an interesting day for BBRY. No one knows, how the stock will react. It is a waiting game now !! 

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Groupon Inc (NASDAQ:GRPN) Technical breakout. I do not see anything until the $6.15-$6.2 area. The stock is now back above the 200-day moving average which is very bullish. Let's keep an eye on her as i think momentum will pick up.

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US Airways Group, Inc. (NYSE:LCC) looks like a flag forming, which is a bullish continuation pattern. On watch.

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Shares of The Goldfield Corporation (NYSEAMEX:GV) were up nearly 4.5% or 22 cents to $5.18, reaching during the session a new 52 week high at $5.23. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. The stock is in a strong bull market with both 50-day and 200-day moving average going up, however in overbought conditions.

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Short-term & medium-term bias remains positive for Zillow Inc (NASDAQ:Z). You need to watch the stock closely because it could break resistance soon.

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Delta Air Lines, Inc. (NYSE:DAL) If the support holds a move higher could be in the cards.

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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22:18 | |

Thursday, March 21, 2013 

Friday March 22th watchlist

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Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) has been consolidating the last few sessions while relieving overbought conditions. Look for break above $53.03 to enter longs.

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Rambus Inc. (NASDAQ:RMBS) made a nice upside reversal today in a weak market. The technical chart suggests that stock might find now resistance at $5.45. Only a close above this level (50-day MA) would suggest further upside.

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Yahoo! Inc. (NASDAQ:YHOO) Nice jump out of the bull flag today on a huge volume spike. Looks good to go here. Resistance is $23.09, which reflects the recent highs.

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3D Systems Corporation (NYSE:DDD) broke and closed back above its 200-day MA on solid volume. The bulls will now try and regain control.

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Groupon Inc (NASDAQ:GRPN) has been consolidating in the 5.25-5.6. This stock remains on alert for a breakout. $5.61 is the first line of resistance followed by $5.73 Buy stop set.

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I think Gevo, Inc. (NASDAQ:GEVO) remains one to watch considering the heavy buying over the last two days. If this keeps up  we could see a sharp rally from here jmho.

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Today was an amazing day for ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) With a combination of massive volume and huge gains, this pick mentioned Wednesday and several times on twiiter, truly was a great find. Congratulations to everyone who profited.

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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22:22 | |

Saturday, June 27, 2009 

Stocks to watch next week - The Pep Boys , Expedia and Vertex Pharmaceuticals

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

VRTX broke out this week on pretty good volume. If this chart does what is supposed to do, it will be going higher in the weeks to come. At the moment, I'm buyer only once it breaks through Friday’s high of $36.20 for the continuation move. Stochastics and the RSI are overbought but remain bullish signaling. Technically, the stock is in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Keep it on the radar.

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

Expedia shares continue to channel down and only a move past $16.05 would impart a positive trend. The major resistance is at this level, followed by $17.65. The support is at $14.82. Some indicators are improving but it needs to breakout above the $16.05 resistance to confirm the change in trend.

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

PBY recorded a new high in the last trading session. The stock topped at 10.4 and closed at 10.17, up 0.48 cents (+5%) on volume of 1.53 M, above the average . The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. Let's see if next week the stock will confirm the breakout. For the long term the stock should still continue to go up.

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 !!! Have a nice weekend !!!

AC

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15:09 | |

Saturday, February 07, 2009 

Stocks to watch next week - JDSU, BRCM, VRTX

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

JDS Uniphase shares tumble more than 6% on today session after the communications equipment company posted a fiscal second-quarter loss Thursday, hurt by large impairment charges and lower revenue. California-based JDS Uniphase's net loss for the second quarter was $705.3 million or $3.28 per share, compared to a net income of $21.2 million or $0.09 per share in the same quarter a year ago. Furthermore, JDS guided for fiscal third-quarter revenue of $275 million to $300 million, According to a Thomson Reuters analyst poll, Wall Street forecast revenue of $357.9 million. From a technical perspective, it appears the stock may be forming a Head and Shoulders Top pattern with the two Shoulders defined by points A and B. The left shoulder was established between 3.40 lows and 4.12 highs. The head was established between 4 lows and 5.30 highs. The right shoulder has developed between 4.13 highs and 3.43 lows. The all-important neckline is at 3.43. Any close below this level will trigger a sell-off, which is going to be very strong and we might see resumption of a strong bearish phase.

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

VRTX - Looking at technical daily chart the stock has just entered into a bull market as the stock is on top of 50 day and 200 day moving average and 50 day moving average has just crossed on top over 200 day moving average to form Golden Cross, a very positive sign. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as K line crossed on top of D line.

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

BRCM - Broadcom shares continue to channel down mid December and only a move past $18.30 would impart a positive trend. The major resistance is at this level, followed by $19.15. The support is at $16. Some indicators are improving but it needs to breakout above the $18.30 resistance to confirm the change in trend.

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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09:06 | |

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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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