Stocks To Watch on Nov 21: GRPN, RIMM, TLAB
Groupon, Inc (NASDAQ: GRPN) had a strong move today, up 8.53%, closing at $3.37. Parabolic SAR shows a new uptrend is coming. Watch out for bullish MACD crossover. I have a short term target of $3.68 which fills the gap formed earlier this month.
Research in Motion Ltd (NASDAQ: RIMM) has continued its strong uptrend after breaking out yesterday with ascending volume. ADX is ticking up. Again, I believe the stock is reversing.
Tellabs, Inc (NASDAQ: TLAB) jumped 2.21%. I might initiate a long position tomorrow due to the followings: (1) Parabolic SAR shows a uptrend is upcoming. (2) MACD is going to cross over, very possibly, tomorrow. (3) Double bottom pattern on BB. (4) RSI is at oversold level. My short term target for TLAB is $3.00, which is a round number and the previous high.
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