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Thursday, September 06, 2012 

Watchlist for Friday, September 7

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UnitedHealth Group Inc. (NYSE:UNH) - Potential breakout. At this point, the technical indicators are supporting the bullishness. The MACD is moving up in the positive zone and is above the signal line, Long over 55.03. 

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After a short period of consolidation below the 200-days SMA, the stock resumed its uptrend with a vengeance. I think traders and investors are finally starting to catch onto this stock. On balance volume indicator still shows this stock is being accumulated by institutions. I've covered IDCC numerous times on this blog, and even labeled it my favorite stock.  InterDigital, Inc. (NASDAQ:IDCC) is getting hot and I think we will see some nice follow through tomorrow.

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Micron Technology, Inc. (NASDAQ:MU) had an interesting day as it broke out of a small base and closed near the highs. Key resistance is located at 6.78, a break above this level will confirm the short-term bullish trend and will take price up to 7.50 zone.

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Citigroup Inc (NYSE:C) - Watching for $31.15 breakout. This momentum could push this stock much higher from here, so keep the stock on your radar for Friday’s trading day, as there is good upside potential in this move.

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Rambus Inc. (NASDAQ:RMBS) is attempting to regain its 50-day moving average which has served as critical resistance and is likely to continue to do so. The near-term outlook will depend on the price movement in the next few sessions. A close above $4.59 will impart bullishness and will help the stock move to the 4.78 - 5 zone.

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.

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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