-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stocks to Watch for May 9, 2013 » | Stocks to Watch for May 8, 2013 » | Stocks to Watch for May 7, 2013 » | Good looking charts for May 6, 2013 » | Stocks to Watch for May 3, 2013 » | Stocks to Watch for May 2, 2013 » | Stocks to Watch for May 1, 2013 » | Stocks to Watch for April 30, 2013 » | Top stock picks for next week » | Stocks to Watch for April 26, 2013 » 

Thursday, May 09, 2013 

Stocks to Watch for May 10, 2013

( click to enlarge )

The Western Union Company (NYSE:WU) had a very nice day as it broke out from a nice bull flag formation on solid volume. I want to see more follow through from this stock tomorrow.

( click to enlarge )

Micron Technology, Inc. (NASDAQ:MU) hit a new 52-week high and held up very well when the nasdaq was tanking. The stock hit a high of $10.75 which is now resistance for Friday‚Äôs follow through move. From a technical standpoint, the stock is well above the major EMA's, which are all moving up and the Relative Strength Index indicator (RSI) has moved up into the overbought zone. The MACD is rising in the positive zone and is above the signal line. In my opinion, the bulls may continue their domination for a while longer, but you should be prepared for a quick correction.

( click to enlarge )

Shares of MGIC Investment Corp. (NYSE:MTG) had a nice surge a few weeks ago and has been consolidating that move since then. Looking at the technical chart, we can see some positive technical signals, bullish MACD crossover, rising RSI line and the moving averages moving upwards. At this point, the next buy area is when it clears the 6.19 resistance on volume.

( click to enlarge )

Zagg Inc (NASDAQ:ZAGG) Possible bottom play. Oversold conditions. Long above $5.23 with a stop at 4.74

( click to enlarge )

Wynn Resorts, Limited (NASDAQ:WYNN) Holding up well. Alert for $140 in case this one decides to breakout.

( click to enlarge )

K12 Inc. (NYSE:LRN) made a strong upside reversal. The chart suggests that stock might find now resistance at $26.07. Only a close above this level would suggest further upside.

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.


Labels: , , , , ,

Bookmark and Share


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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google