American Capital Agency Corp. (NASDAQ: AGNC) is showing a bulllish engulfing chart pattern today. However, low volume is signaling a high degree of uncertainty. Slow STO and RSI is at oversold level. The price of AGNC has fallen to almost yielding 20%. Crossing $30.00 is very important, not only because it is a major psychological resistance, but it is also a resistance point under Pivot Table.
Netflix, Inc (NASDAQ: NFLX) had a nice move before close, breaking the ascending triangle. It is a bullish breakout. I have blogged about a possible breakout in Nov 14’s post. Today’s closing is also above 200 day moving average. I am looking forward to seeing more action on NFLX next week.
Zygna, Inc. (NASDAQ: ZNGA) jumped 7% closing at $2.29 today, closing above 20day MA. There is also a double bottom signal from BB as 2nd trough did not touch the lower BB. Slow STO and RSI is ticking up. MACD is getting close to 0. The action on tomorrow is very important. If the run continues, we will be sure it is a bottom play. If not, 20day MA is a major resistance.
