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Tuesday, May 10, 2016 

Stocks to Watch for May 11, 2016

Dearest followers,

Please accept my apologies for not updating the blog in the last days, but it’s been hard times for me since my grandmother passed away. I’m trying to get back to reality but it’s not easy. When we love so much someone and she leaves us, we feel like we are in an empty hole. Well, let me share with you some trade ideas for tomorrow. Keep in mind, money is just an accessory that help us to live better but family must be always at the top of our priorities.

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Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) could be in the early stages of a technical breakout. The stock has been basing the past few weeks and just recently started inching above most of the consolidation area. Plus, the volume has started to pick up a bit which could suggest underlying momentum has begun to build. From a technical perspective, the daily technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line in positive territory and The RSI crossed above the 60 level. Let's see what Wednesday brings. Could squeeze over $10.30. Im long. Consensus Price Target:$20.22

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Electronic Arts Inc. (NASDAQ:EA) is trading higher after hours, as the company released strong earnings. For tomorrow, the levels to watch on upside will be at 67.16 and 71.5

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BlackBerry Ltd (NASDAQ:BBRY) was added to my watchlist as a possible bottom bounce-play. The daily technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. The Relative Strenght Index has reversed the course and stock finally closed above the $6.70 level, a Bullish signal. I would look for a move up to $7.20 resistance soon.

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Apple Inc. (NASDAQ:AAPL) looks to have found a bottom the past few days. If the stock can break the 95.32 level, we should see a nice upside move. Momentum indicators are starting to show some signs of life.

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Clean Energy Fuels Corp (NASDAQ:CLNE) Daily technical chart is displaying upside momentum. I will be watching this stock closely on Wednesday for a breakout above 3.30

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Alphabet Inc (NASDAQ:GOOG) has been slowly gaining traction amid light buying pressure the last few days. A break through the $725 area could accelerate it higher.

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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.

Thanks for visiting AC Investor Blog.


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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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