Stocks to Watch for April 10, 2013
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First Solar, Inc. (NASDAQ:FSLR) tweeted under $28 this morning. If you jumped in and booked your profits, congratulations !!! The stock was up 50% on the session and closed a few cents below the $40 level on heavy volume after the company announced a better-than-expected outlook for 2013, well above Wall Street estimates. Today's news could help bolster investor sentiment in the coming weeks. From a technical analysis point, the daily momentum indicator has reached overbought levels and I believe that a near-term correction is likely to happen. To add on any dip imho
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Good day today on high volume. Gevo, Inc.(NASDAQ:GEVO) closed at $2.17 back once again above its 50-day SMA, which closed at $2.16. Lots of room to the upside if it can follow through on today’s move.
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Dendreon Corporation (NASDAQ:DNDN) Seems like 4.45-4.6 area is strong support. Possible bounce in the next days.
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Microsoft Corporation (NASDAQ:MSFT) broke a key resistance line with an up-move of 3.5%, to 29.61. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in MSFT, so keep it on your radar the next few days.
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Elan Corporation, plc (ADR) (NYSE:ELN) has a good looking chart. The Slow Sto has moved up from the oversold zone and the RSI is also above the 50% level, which are bullish signs. It's a buy on a break of 12.05 with solid volume. Stop 11.44.
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Keryx Biopharmaceuticals (NASDAQ:KERX) was able to break through the $7.78 resistance level and sustained the move. The stock hit a high of $8.32, which is resistance for Wednesday’s move. If the stock can break through resistance, we should see a strong follow through move. Watch the stock closely tomorrow.
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ParkerVision, Inc. (NASDAQ:PRKR) is quietly gaining momentum. Keep on watch, looks like it wants to break through this resistance to new highs.
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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.
AC
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.
AC
Labels: DNDN, ELN, FSLR, GEVO, KERX, MSFT, PRKR
