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Monday, April 15, 2013 

Stocks to Watch for April 16, 2013

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Las Vegas Sands Corp. (NYSE:LVS) The technical daily chart is calling for a correction, so watch for a break below 52.93 (50-day EMA) to trigger stops on longs for a move to 50. The key resistance level remains in the 56/57 area.

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Apple Inc. (NASDAQ:AAPL) Technicals are oversold but remain neutral to bearish signaling sideways to lower prices possible in the near term. If it breaks below the key support level at 419, it's quite possible that we could see a move that will take the share price to 400 mark.

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UniPixel Inc (NASDAQ:UNXL) breakout watch over 34. Bullish MACD crossover today.

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Akorn, Inc. (NASDAQ:AKRX) Watch this one as it approaches the resistance area. Needs to take out 14.68. The break of the resistance with heavy volume should be the next buy point on AKRX.

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MGM Resorts International (NYSE:MGM) Broke the 50-day EMA, more downside to come imho. May stop around 12 or may test the 200-day EMA.

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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

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  • 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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