( click to enlarge )
In line with my anticipation, NVIDIA Corporation (NASDAQ:NVDA) confirmed today the reversal when it broke out above the $13.23 level. The stock price is now riding on an upward movement and trading above all three EMAs, with the 50-day EMA about to cross above the 200-day EMA. The technical indicators are looking bullish. The MACD is positive and above its rising signal line. Both the RSI and slow stochastic are above their 50% levels. Technically, my model remains long, targeting $14.
( click to enlarge )
Merck & Co., Inc. (NYSE:MRK) tagged a new high but closed poorly. Shareholders may remain invested with a stop-loss at $46.40
( click to enlarge )
Research In Motion Ltd (NASDAQ:BBRY) surged for the fourth straight day by adding 3.98% or 57 cents to $14.9 per share. Momentum indicators are bullish now with RSI inching away above the middle level and with MACD crossing above signal line. Price is expected to at least rally the next resistance at $16 and even go higher to test the next resistance level at $17.22. I'm really bullish on this stock.
( click to enlarge )
After consolidating sideways the last few weeks with an upward bias, the stock broke out upwards today, accompanied by a volume surge. Looks good for higher prices.
( click to enlarge )
As expected Tellabs, Inc. (NASDAQ:TLAB) found support near 1.92. This coincides with the November lows. In the short term, we could argue the stock has produced a bullish double bottom, but we need to see a rebound from these lows. A close over 2 might suggest the stock has found a bottom.
( click to enlarge )
I believe shares of MBIA Inc. (NYSE:MBI) have room for a significant uptick beyond these levels. The stock price crossed above the 50-day EMA today giving a buy signal and an indication that the stock may have finally reached its bottom. The technical indicators are looking mildly bullish. RSI is moving up and the MACD has a bullish crossover. Let's keep an eye on it.
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.
AC
Labels: BBRY, FSLR, MBI, MRK, NVDA, TLAB