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

« Home | Stocks to Watch for May 30, 2014 » | Stocks to Watch for May 29, 2014 » | Stocks to Watch for May 28, 2014 » | Stocks to Watch for May 27, 2014 » | Stocks to Watch for May 23, 2014 » | Stocks to Watch for May 22, 2014 » | Stocks to Watch for May 20, 2014 » | Stocks to Watch for May 19, 2014 » | Stocks to Watch for May 16, 2014 » | Stocks to Watch for May 14, 2014 » 

Saturday, May 31, 2014 

Six trading ideas for next week

( click to enlarge )

Shares of Apollo Education Group Inc (NASDAQ:APOL) are in a bearish trading condition. The fall in the stock has been extended by the violation of its 200-day EMA at $27.75 and as long as the stock trades below this key daily moving average stay bearish, this bearish trading condition will prevail. The stock has a strong support in the level of 26, but any close below this level could start a new sell off. Indicators continue to look weak. The technical indicator MACD is in negative zone and below the signal line and the RSI is below the 50% level. Bears are in control.

( click to enlarge )

Juniper Networks, Inc. (NYSE:JNPR) Friday's big reversal on heavy volume, created a bearish engulfing candle on the daily chart. Look for a move to 23.81/23.55 and if it breaks watch out.

( click to enlarge )

Netflix, Inc. (NASDAQ:NFLX) The stock has gone up too much and too fast. The fundamentals of this company do not justify the current share price, in my honest opinion. It is currently trading with a P/E of 157. From a technical standpoint, the stock has touched a strong resistance zone on Friday and could head sideways to downwards next week. In addition, the RSI on daily chart has entered in the overbought territory, which means that the bias could be to the downside. The insiders have been bearish about the stock with very heavy selling since the start of the year.

( click to enlarge )

Trinity Industries Inc (NYSE:TRN) is another overextended stock that looks vulnerable to a sharp correction. On Friday, the stock gave the first signal of weakness, making a new year high but closing on the low on higher volume. Daily chart momentum oscillators are overbought with signs of bearish divergence, indicating that long positions should be avoided.

( click to enlarge )

Himax Technologies, Inc. (NASDAQ:HIMX) Technical daily chart looks really bad. Friday's drop was on heavy volume again and the stock closed near the major support. There is a good chance to see $5.50 or even much lower price if the stock price fails to hold this key support area in next few sessions.

( click to enlarge )

Nokia Corporation (NYSE:NOK) has been in a large bullish consolidation over the last seven months and appears ready for another breakout. Keep on watch.

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