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Wednesday, August 22, 2012 

Thursday's Stocks To Watch, Aug 23 2012

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Shares of Zynga Inc (NASDAQ:ZNGA) were up 29 cents or 9.76% to $3.26 per share on 2x average volume, after JMP Securities initiated coverage with a market outperform rating and PT $4.50. The stock has been on a down trend since it reached 52 weeks high of $15.91 in early March. Looking at the technical chart after today's action, the stock looks like it will try for a gap fill as it broke the gap down. The RSI and CMF indicators are also signalling Buy. The stock can be a good buy, with 2.91 as closing basis stop-loss.

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PulteGroup, Inc. (NYSE:PHM) still shows strong signs of continuation after 3-days of pullback. Looks like we are headed in the right direction. I'll be watching the stock tomorrow looking for a follow through move. As long as the stock stay above its 13-SMA, the bullish scenario still intact. 

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Eldorado Gold Corp (NYSE:EGO) continues to breakout and now up nearly 30% this month. It might pause here but looking to add on any dip.

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Lululemon Athletica inc. (NASDAQ:LULU) continues to perform strongly and appears poised to test the 200-day moving average line at $65.89.

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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