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« Home | Watchlist for Wednesday, September 5 » | Setups for the first week of September » | Watchlist for Friday, Aug 31 » | A few potential plays for Thursday, Aug 30 » | Four trading ideas for Wednesday, Aug 29 » | Five trading ideas for Tuesday, Aug 28 » | Good looking setups to watch next week » | Friday's Stocks To Watch, Aug 24 2012 » | Thursday's Stocks To Watch, Aug 23 2012 » | 5 stocks I will be watching for potential trades » 

Wednesday, September 05, 2012 

Watchlist for Thursday, September 6

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Sprint Nextel Corporation (NYSE:S) had been confined within a very tight trading range until today as price broke and closed above the range resistance at 4.93 as seen in the daily chart. Now the stock is focused on the next resistance pivot at 5.24.

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Ford Motor Company (NYSE:F) needs to break the resistance lines around 9.80 to 9.90 to head back to higher levels.  The short-term trend is bullish targeting 9.78 as far as areas of 9.25 remain intact.

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InterDigital, Inc. (NASDAQ:IDCC) remains trapped within moving averages without showing any big move since the opening of this week. Only a close below 33.04 or above 33.88 can change the neutral stance. Although the technical indicator MACD remains contained by a consolidation, On Balance Volume continues to show strong accumulation. Rumors of a possible takeover have recently surfaced and over 14% of the tradeable stock is in the hands of short sellers. Still on my top list.

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Shares of VirnetX Holding Corporation (NYSEAMEX:VHC) broke the 200-day moving average on big volume, which technically is usually a good sign. The short term trend is to the upside targeting 30

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News Corp (NASDAQ:NWSA) Potential breakout. Long over 24.05

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PulteGroup, Inc.(NYSE:PHM) is a stock I've covered before at much lower prices. It has been consolidating until today when it broke out to the upside. I think this opens up the door for further gains. The $13.91 level now acts as support.

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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