Trade setups to keep on your trading watch list
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Back on May 8th, I made Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) my stock pick. Here is the link to my post "
ARNA has a lot of upside potential, so watch the stock closely " and
here is a chart of ARNA after I made it my stock pick. This stock is up some 450% over the last two months, and it could go higher yet if sentiment holds. ARNA is overextended to the upside and signficantly overbought, so we
cannot rule out a pull back, but at the same time it can remain
overbought until it wants to come down. It closed today at $11.68.
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Sodastream International Ltd (NASDAQ:SODA) - Old alert, 38.80 break out.
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XenoPort, Inc. (NASDAQ:XNPT) - Old alert. Strong bounce on 2x the daily volume avg.
Key resistance is now located at $6, a break above this level will
confirm a new bullish trend and the following uptrend will take price
up to $6.35 zone. The RSI is moving higher, which is a
sign of growing strength in the stock.
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Old alert. US Airways Group, Inc. (NYSE:LCC) recorded a new high in today's
session. Short-term outlook for the stock is bullish. Buy LCC in
dips with a stop-loss at $11.73. The technical daily chart looks Bullish
with both 20, 50 and 200 daily moving averages going up and MACD on top
of "0" RSI in a Bullish area too.
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Pharmacyclics, Inc. (NASDAQ:PCYC) I alerted to my subscribers and twitter folowers at $30-32, today it closed at $47. It just keeps moving higher on
nice steady volume.
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Zynga Inc (NASDAQ:ZNGA) - After posting an awesome run the stock lost some steam today and looks
poised for a pullback in the near term. It has good support at $5.51. If
it falls below this level on a close basis, then it can possibly go
down to $5. Only a close below $5.51 would negate the short term bullish
outlook. The main thing to look up in the chart is the poor volume in this drop compared to the strong one in the up trend. Low volume means the shorts have not capitulated. Stay tuned.
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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.
Thanks for visiting AC Investor Blog.
AC
Labels: ARNA, LCC, PCYC, SODA, XNPT, ZNGA
