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Thursday, July 05, 2012 

Five Stocks to watch Friday

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Netflix, Inc. (NASDAQ:NFLX) seems to be a promising stock to follow in the coming sessions. NFLX had a large spread and large volume today successfully breaking several resistances lines at 75 and 79.3. Also worth noting is the price which is now above the 20 and 50-day moving averages. This denotes strength for the stock. Looking also at the technical indicator MACD, the MACD is now above the zero line and the MACD Histogram still rising, both signs also indicate strength in the stock. Additionally, the RSI has entered into the overbought territory. As of current $83 is a resistance that needs to be taken out, then afterwards 90. 

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Juniper Networks, Inc. (NYSE:JNPR) was flat today. A close above $16.20 would be very bullish. If this resistance is broken on a close basis, there is a possible upside of up to 17-17.50.

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DryShips Inc.(NASDAQ:DRYS) has just closed above its 50-day moving average and is almost touching its 200-day moving average. The short-term uptrend is intact and signals further bullishness on this stock.

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The recent pull back created a great buying opportunity. The stock closed again above $11 and is registering a new buy signal in the daily time frame. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) continues to be volatile. The stock is the hottest stock in 2012 and will have resistance up at $11.99 now.

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LeapFrog Enterprises, Inc. (NYSE:LF) broke out to record highs today on heavy volume confirmation indicating that this breakout is more likely to be real. The stock is in a very strong bullish mode with MACD on top of signal and %K line on top of %D line, both showing buy signal. In the next sessions, we probably will see more positive action coming from the stock.

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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.


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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.

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