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Monthly Archives: November 2012
STOCKS TO WATCH ON NOV 21: GRPN, RIMM, TLAB
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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Tagged buffet, day trader, equity, GRPN, investment, long, portfolio, retirement, RIMM, stock, Stocks, technical analysis, TLAB, trading, trading ideas, trend reversal, value buy
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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.
Socks to Watch on Nov 20: DDD, RIMM. AGNC, SPY
American Capital Agency Corp (NASDAQ: AGNC) Told you on AGNC reversing (yesterday). Now, Watch for MACD histogram crossover.
3D System Corp (NYSE: DDD) seems an uptrend is firm with 4 troughs connected in a ascending prices. My target, for now, is $46 through extending a parallel line to make a channel.
Research in Motion, Blackberry (NASDAQ: RIMM) broke the bullish flag last Friday and filled the July’s gap and made a new high at $9.59 after previous one at $9.17. My next short term target is $10.00 but I think the stock is reversing.
S&P500 (NYSE: SPY) Told you yesterday that there would be a move very soon. Just another update, On Balance Volume shows the stocks might be underpriced right now.
SOCKS TO WATCH ON NOV 20: DDD, RIMM. AGNC, SPY
Socks to Watch on Nov 20: DDD, RIMM. AGNC, SPY
American Capital Agency Corp (NASDAQ: AGNC) Told you on AGNC reversing (yesterday). Now, Watch for MACD histogram crossover.
3D System Corp (NYSE: DDD) seems an uptrend is firm with 4 troughs connected in a ascending prices. My target, for now, is $46 through extending a parallel line to make a channel.
Research in Motion, Blackberry (NASDAQ: RIMM) broke the bullish flag last Friday and filled the July’s gap and made a new high at $9.59 after previous one at $9.17. My next short term target is $10.00 but I think the stock is reversing.
S&P500 (NYSE: SPY) Told you yesterday that there would be a move very soon. Just another update, On Balance Volume shows the stocks might be underpriced right now.
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Tagged DDD, RIMM. AGNC, spy, Stocks, technical analysis, trading
Comments Off on SOCKS TO WATCH ON NOV 20: DDD, RIMM. AGNC, SPY
Stocks for watch on Nov 19: AGNC, NFLX, SPY
American Capital Agency Corp (NASDAQ: AGNC) A breakout took place after an engulfing bullish pattern. I think it would be a long setup and a reversal to the recent downtrend as prices leaving lower BB. CMF turned back to +ve area and extreme MACD reading seems to be reversing. Yesterday’s move was also significant in a way that the closing crossed 200day moving average.
Netflix, Inc (NASDAQ: NFLX) has broken the bullish ascending triangle today and finds some resistance over 200day moving average. The moves follows the criteria of a triangle as a continuation with decreasing volume throughout the formation and a breakout with relatively high volume. I am long this stock. I have a target of $95 from extending the height from the nearest trough to the base of the triangle.
Standard Poors SPDRs (NYSE: SPY) Just wanna touch base on the market in a general sense since there is a huge sell-off in the recent trading weeks. RSI and Slow STO are at extremely oversold level, amid worries on fiscal cliff and EU economies. Today’s bounceback is a good sign, signaling a possible reversal since volume exceeds any single days in the whole week. MACD seems to be reversing after reaching lowest level since June. I look forward to a correction to at least $147.42 then $140 before seeking another round of sell-off, if not, even higher index returns depending on the market currents.
Stocks to Watch 11/16/2012: AGNC, NFLX, ZNGA
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.
Stocks to Watch on Nov 15: IDCC, AAPL, FB
I am currently studying for CFA Level I Exam on Dec 1. Starting from tomorrow, I will pick only 2-3 stocks per blog entry. Shorter description may also be expected.
Facebook, Inc (NASDAQ: FB) has rise 12/19%, closing at $22.28. MACD is making bullish crossover. Slow STO is ticking up after showing oversold signal. I look for more action, at least somewhere around 100day moving average.
InterDigital, Inc (NASDAQ: IDCC) told you on a upcoming pullback on Nov 09. I am expecting action downwards until reaching 50day MA. However, the uptrend of this stock still enacts. Mind for bearish MACD crossover.
Apple, Inc (NASDAQ: AAPL) everyone knows Apple has a great fundamentals. However, there is no idea when the recent downtrend is going to end. 50day and 200day moving average is turning around, pointing downwards. The closing price is slightly away from Lower BB, but that’s not enough. Bearish flag is forming on charts and if broken, my next target is $480.
Stocks to watch on Nov 14, 2012: SIRI, DDD, NFLX, TIVO
Netflix, Inc (NASDAQ: NFLX) has filed the gap and showing a ascending triangle, which is by definition a continuation (bullish) pattern. A closing above $81.00 is significant because it will be above 200 day MA too. The volume follows the criteria for ascending triangle. Watch for breakout guys. Use entry order with a stop around at least $75.00 level or closer.
TiVo, Inc. (NASDAQ: TIVO) is still showing support from 50day MA. I will consider adding shares on it, depends on NFLX, whichever comes first.
3D Systems Corp (NYSE: DDD) just find something bearish on my recent favorite stock. AD line is showing a negative divergence with the recent uptrend. Massive sell out in the recent two trading days with huge volume. MACD history is about to cross to negative level. However, some firms upgrades its rating. Given the high RSI reading, I think the stock will continues to drop in the coming days, and might be hitting the lower BB until a reversal or retracement.
Sirius XM Radio Inc (NASDAQ: SIRI) is showing a bullish sign. Support found on $2.66 level which is previously a high, confirming the uptrend still enacts, after hitting lower BB and 50 Day moving average (Bullish!) Volume today is large although the movement is little (0.36%). MACD histogram is reversing. Comparably high AD level amid lower prices. I think the stock will reach $2.9 level in less than 2 weeks. I am planning to add shares tomorrow.
Stocks to Watch for Nov 12: TIVO, EBAY, APP, JPM
American Apparel Inc. (AMEX: APP) shows some strong strong around $1.03 area. Any drop below this area will trigger massive sell off, at least until $0.95 level, fulfilling the inverted head & shoulder pattern. However, the stock tends to reverse when CMF readings are in extreme level. So watch out for any bullish action, which also gives a double bottom signal under BB. (i.e. when second trough does not touch lower BB) Additionally, MACD Histogram is about to cross above. Definitely put it on your radars.
eBay, Inc. (NASDAQ: EBAY) with a flat BB and low ADX reading. Any price greenish price action, making the closings away from lower BB can be bullish, signaling a possible double bottom play.
J.P. Morgan Cahse & Co (NSYE: JPM) shows some retracement today, closing at $40.62, confirming some support from 50day moving average. Slow STO at oversold level. I am looking the stock to continue its uptrend soon.
TiVo, Inc. (NASDAQ: TIVO). I bought some shares today. 50-200 moving averages golden crossed, with decent action today.
Nov 09: IDCC, DDD, AGNC
American Capital Agency Corp (NASDAQ: AGNC) has been under massive sell-off after its earning reports and lowering forecasts from rating companies. It showed some green action today. Slow STO and RSI are now both under oversold level. I think any closing outside the lower Bband could be a short term bullish signal. After all, it is a REIT yielding 16%+. From the past performance of AGNC, as well as other strong uptrend stocks falling sharply, they makes a run days after RSI reaching 30.0 level. For a faster referral, look at DDD below, which also shows the same pattern.
3D System (NYSE: DDD) One of my all time favorite again. Just made a 52w new high, closing at $46.02. RSI and Slow STO showing overbought signal, so any pullback can be a great entry. All moving averages are pretty healthy. Rumor says the military is ordering supplies from this company.
InterDigital, Inc. (NASDAQ: IDCC) heated up from $33.06 to $43.09 within 10 trading days. Luckily, I have sold my shares two days ago, which happens to be the trading day with highest closing recently. Gotta admit, it is totally by luck and chance to pick the highest day. But I still believe IDCC would undergo some form of correction in the coming trading days, at least to the level of $38.00 (the previous top). My intuition from Bband is simple. Any action away from upper and lower Bband, especially a candlestick not touching the bands at all, signals for a correction or reversal. I have found it quite accurate way of looking at IDCC specifically.
