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Wednesday, August 21, 2013 

Stocks to Watch for August 22, 2013

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Las Vegas Sands Corp. (NYSE:LVS) needs to break LT upside resistance at 57.52 to confirm a base in place. Technically, the stock is in a bull market and showing signs of wanting to move higher. All of the three major short-term EMAs have started moving up and the stock still trading above its 50-day EMA. Despite the positive divergences, some technical indicators are looking weak. The slow stochastic is below the 50% level and the MACD is positive but below its signal line. As long as the stock holds above the 50-day EMA, move up to 58 or 60 is possible.

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Chesapeake Energy Corporation (NYSE:CHK) is in a bullish flag off its July rally. The stock has gained almost 35% since the April lows and appears poised to resume the uptrend. If you are not already in wait for the break above 25.64

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JinkoSolar Holding Co., Ltd. (NYSE:JKS) is approaching a key resistance level at 15. A break of this psychological level could accelerate the stock price.

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Amarin Corporation plc (NASDAQ:AMRN) has been flagging in the last four sessions after a huge upmove earlier this month from the 5.13 to 6.25 area. The good news for the bulls here is that the technical daily indicators are looking bullish. The MACD is positive and above its rising signal line. The relative strength index (RSI) is above its 50% level, now at 56 but appears reluctant to move higher from here. Next buy area is when the stock clears 6.2 on volume.

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Amazon.com, Inc. (NASDAQ:AMZN) closed below a key support level at 285 on daily charts. Downside risk now at 269 and then more aggressive targets located at 250. Major technical indicators continue to deteriorate supporting a move to lower prices.

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Facebook Inc (NASDAQ:FB) has been consolidating over the past three-weeks after showing a strong gain of over 22% in July. Moreover, during this small consolidation phase, it has made a bullish pattern with lower bottoms. Once, FB crosses $39.32 the stock price has potential to go up to $40 immediately.

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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.

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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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