Bullish setups to watch next week
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Expedia Inc (NASDAQ:EXPE) broke through resistance at $49.12 accompanied
with high volume. The stock hit a high of $50.23,
which is now resistance for Monday’s continuation move. If the stock
can break through resistance, we should see another strong upside
move. EXPE will move very quickly, so watch the stock closely next week.
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A move on Zalicus Inc (NASDAQ:ZLCS) above $1.37 could spark a nice
short-squeeze. The stock had a nice surge on Friday and has been in the
process of consolidating. ZLCS is displaying upside momentum again and
is poised to move higher from these levels. Nearest resistance for the
stock is at $1.37. If this level is crossed and the stock is able to
sustain above this level, then it might go to $1.54. On the downside,
the stock has support at $1.20. There should be room for another leg
upward once the stock digests this small correction.
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I like the flat base breakout on Dollar General Corp. (NYSE:DG) today
with nice volume. The stock has been in a nice uptrend for the last six months and it
looks very strong with both 50 day and 200 day moving average going up while MACD is still above 0. I 'd like to see some upside continuation next week.
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Extremely bullish moves on Osiris Therapeutics, Inc. (NASDAQ:OSIR) are
taking place over the last session’s. Volume continues to be strong on
this move up, which is very positive. The stock hit a new 52-week high
of $9.4 which is now resistance for monday’s continuation move. If the
stock can break through resistance, we should see another strong upside
move. OSIR will move very quickly, so watch the stock closely next week.
( click to enlarge )
PulteGroup, Inc. (NYSE:PHM) With today's action, the stock closed above the downtrend line and
its 50-day MA, but the margin is close enough to leave plenty of doubt. Now, the stock needs to stay above that line and its 50-day MA to
convince the bears to shed their costumes and join the bull crowd.
Looking at the chart I continue to see some resistance at 9.23 and
further resistance at 9.5. Once these levels are cleared on heavy volume the bulls will
have won the tug of war and we will again resume the bull phase. Additonally, the stock has finally got a bullish macd cross. Stay tuned on PHM.
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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.
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.
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AC
Labels: DG, EXPE, OSIR, PHM, ZLCS
