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Tuesday, July 07, 2015 

Stocks to keep an eye on July 08, 2015

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J C Penney Company Inc (NYSE:JCP) finished the session at the highest close in more than two months on robust volume. The price also broke out from a key resistance level during today's session in which it consolidated over the last few weeks. I expect continuation of momentum and a move toward the 9.40-9.50 range.

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Sohu com Inc (NASDAQ:SOHU) I'm looking for a bounce here after so many down days. Daily indicators have hit very oversold conditions, levels from which rallies normally emerge. On watch.

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Chesapeake Energy Corporation (NYSE:CHK) posted a very strong bullish reversal candle on high volume and could signal a reversal of the price decline. Watch for continuation.

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Plug Power Inc (NASDAQ:PLUG) made a nice upside reversal in a weak market today after the company reaffirmed its FY15 financial targets. Looking at the technical daily chart the near-term outlook is positive. Let’s see whether the stock can gather enough momentum to break through $2.62 (today's high) Only a close above this level would suggest further upside.

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United States Steel Corporation (NYSE:X) has had a rough time over the past sessions, but today’s bounce could be the first move to recovery. I'm using $21.25 as resistance for this upside move. If the stock can break through this level we should see a reversal of this down trend.

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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