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Saturday, August 18, 2012 

These are the stocks that I will be watching next week

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TiVo Inc. (NASDAQ:TIVO) broke a bull flag higher this week with rising volumes after consolidating for two weeks. $9.95 is an important resistance that once broken will set off a huge run up in TIVO shares, the 1st target would be $11 which is the highs of May.

Look at the Technical Chart :

- The volumes on this stock are up as seen in the accumulation distribution chart
- The MACD is rising and still in the positive zone.
- The RSI is still not showing the stock as expensive
- The stock is comfortably above the 50 and 20 day moving averages.
- The volume chart from CMF has been on an upside, more buying than selling pressure.
- The stock now has technical momentum and a positive trend on its side.

At this point and given the current stock's technical factors, the Bulls definitely have something to be excited about. There is a lot of room on the upside. In addition, the short interest ratio is 7.3 which could be a positive catalyst if this rally continues. Support is 8.72. Resistances is 9.95.

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Shares of General Motors Company (NYSE:GM) closed up 3.19 per cent at 22.01 with increasing volumes. Long positions can be considered with a stop loss of 20.86 on daily closing basis. Initial targets are 22.63 and 23.34.

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Nice breakout on Zions Bancorporation (NASDAQ:ZION) with decent volume, positive MACD. Fresh exposures may be considered on price weakness, with a stop-loss at $18.83. A close above $20 may be used to enhance exposures.

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Wynn Resorts, Limited (NASDAQ:WYNN) The MACD-Histogram has been sloping up and the MACD fast line and RSI are both rising, indicating bullishness. Watching over $107 for a trade.

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Magnum Hunter Resources Corp (NYSE:MHR) - A break of 4.48 should spike it to the 200-day moving average at $5.15. I will be watching very closely for news or unusual volume. The stock looks like it wants to run.

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.

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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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