-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Charts on Watch for Wednesday June 06 » | Trade Setups To Watch on Tuesday , June 05 » | 6 Trade Setups To Watch next week » | Trade Setups To Watch on Friday , June 01 » | Thursday's Stocks To Watch, May 31 2012 » | 6 Swing Trade Setups to Watch on Wednesday May 30th » | Put these stocks on your watch list for Next Week » | Friday's Stocks To Watch, May 25 2012 » | Thursday's Stocks To Watch, May 24 2012 » | Wednesday's Stocks To Watch, May 23 2012 » 

Wednesday, June 06, 2012 

6 Interesting Charts To Consider

( click to enlarge )

Shares of Zynga Inc (NASDAQ:ZNGA) finally rebounded on heavy volume. Gonna have to watch it carefully now tomorrow to see if we've hit bottom and should grab some for the ride back up. 

Morgan Stanley (NYSE:MS) The stock broke out a major resistance level and I expect another strong move tomorrow. Today’s high was $13.99, which is resistance for the follow through move on Thursday. 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.

( click to enlarge )

Today Career Education Corp. (NASDAQ:CECO) has attempted to breakout of the major resistance but closed right at the resistance level. Breaking out of $6.98 resistance on a close basis at high volume will be deemed as a bullish signal and could result in further upside. Both RSI and MACD are bullish as MACD continue to trend upwards and the RSI is now above the 50% level. I'm long on this stock and not afraid of the daily fluctuations, I'll be rewarded in the long run.

 ( click to enlarge )

Bank of America Corp (NYSE:BAC) has made an awesome move today breaking out of the recent swing high with volume backed confirmation. The next resistance that it should try to respect is at 8.11. 

  ( click to enlarge )

Dollar Tree, Inc.(NASDAQ:DLTR) has an interesting formation on its daily chart, as the stock looks to have broken an inverted head and shoulders pattern combined with a new 52-week high and should push nicely higher over the next sessions.

 ( click to enlarge )

Zalicus Inc (NASDAQ:ZLCS) Could be flagging before next move up. On watch.

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.


Labels: , , , , ,

Bookmark and Share


About Me

  • 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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google