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Friday, April 18, 2014 

Stocks to Watch for April 21, 2014

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Rambus Inc. (NASDAQ:RMBS) had a strong move on Thursday, gaining more than 4%. The stock hit a high of $12.58, which is resistance for the follow through move. The medium-term trend is bullish as the stock is above all key exponential moving averages. Additionally, MACD lines are going up and OBV still climbing. I suspect the stock may continue to appreciate over the coming days. Stop should be placed around 11.23 (20EMA). Keep this one under radar.

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Procera Networks Inc (NASDAQ:PKT) is one for the bottom pickers. The stock appears to be poised for a nice bounce off this bottom. In my view, the stock has formed a bottom in short-term and I expect a move past 10.06 to take the stock towards the target of 10.86 with stop-loss at 8.95. The stock seems to be undervalued at current levels IMO with a strong balance sheet and zero debt. Percentage of shares held by institutional and mutual fund owners is 77%. In addition, the company has been making headlines lately with some major announcements, so I still think the stock has potential at this point. From a technical standpoint, the stock is in a downtrend but the signals are mixed. The MACD histogram is displaying a bullish divergence and RSI bounced from oversold. A reversal may be on the way.

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AOL, Inc. (NYSE:AOL) As I've mentioned earlier there is some elevated May Call options with strike prices significantly above the current market, therefore I still believe that shares have room for a significant uptick beyond these levels. From a technical standpoint, the stock broke out from a falling wedge on Wednesday's session, crossed and closed above the 50-day EMA on high-volume. The stock is setting up to move higher and could break the $46 mark in the sessions ahead, something that could attract more traders to jump in and push shares even higher. The short-term indicators are looking bullish and could easily rise to a new peak. Keep an eye on it !

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Zynga Inc (NASDAQ:ZNGA) has achieved a boost during Thursday’s trading session as traders witnessed the oversold position, driving shares up by more than 4%. From a technical standpoint, the Relative Strength Index is now rising and is approaching the mid-level, while MACD made a bullish crossover.

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) I hit a new 52-week low on Tuesday, but looks poised to rebound sharply in the short-term. The MACD has stabilized and crossed over the signal line (signalling a possible change in the trend to uptrend).

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Groupon Inc (NASDAQ:GRPN) has bounced nicely from the lows. The immediate resistance is around 7.61/67 which the stock will likely to test next week. A close above this range is a pre-requisite for the reversal of the bearish trend.

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FuelCell Energy Inc (NASDAQ:FCEL) Should breakout hard to upside when it crosses over $2.50

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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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