Good looking setups to watch next week
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InterDigital, Inc.(NASDAQ:IDCC) has finally started to rally and broke
out of the consolidation that the stock had been stuck under for the last
2 weeks. It has breached two important levels at 33.08 and 33.33 quite
convincingly. I see the next resistance in the 34.20-34.35 area. A move
above this area would be viewed very bullish and could cause a huge short
squeeze. There are some reasons to start taking an active look at this
stock as I have been mentioned several times in my blog posts.
- The volume chart from OBV has been on an upside indicating strength.
- The MACD is above 0 showing positive momentum but displaying first signs of divergence between column bars and the trend line.
- RSI is on a comfortable zone.
- The volume chart from OBV has been on an upside indicating strength.
- The MACD is above 0 showing positive momentum but displaying first signs of divergence between column bars and the trend line.
- RSI is on a comfortable zone.
- Trading above both 13 & 50 day moving averages moving upwards
- It has been making higher lows since June.
- 13.8% short or 6.1 M & might see a good squeeze above its 200-SMA
- High short ratio 11.10
From a technical standpoint the potential for further upside looks far more attractive on purely relative terms. Honestly, I like what I am seeing...Additionally, the company continues being mentioned in the news regularly as a strong potential buyout candidate. This is definitely a stock to watch next week.
- It has been making higher lows since June.
- 13.8% short or 6.1 M & might see a good squeeze above its 200-SMA
- High short ratio 11.10
From a technical standpoint the potential for further upside looks far more attractive on purely relative terms. Honestly, I like what I am seeing...Additionally, the company continues being mentioned in the news regularly as a strong potential buyout candidate. This is definitely a stock to watch next week.
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NetApp Inc. (NASDAQ:NTAP) had a strong breakout day on heavy volume. The next key resistance levels
are located at $36 and $36.48. Shareholders may remain invested with a stop-loss at $32.84.
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Pharmacyclics, Inc. (NASDAQ:PCYC) broke out to a new all-time high on
Friday accompanied by a good volume suggesting higher levels. The stock
has been in a nice uptrend for the last three months and it looks very
strong with both 50 day & 200 day moving average going up. PCYC is
on the overbought level, so for the coming week expect a little bit of
selling to occur as the RSI is near the 80 level. As long as the stock
stays above the 13 day and 50 day moving averages it is still safe to
hold on to your positions.
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Kraft Foods Inc (NASDAQ:KFT) Broke out on strong volume placing this
stock on the map for technical analysis breakout buyers. Looking for $41
to now act as support.
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PulteGroup, Inc.(NYSE:PHM) - It may be close to breaking to new highs
here. The stock has been consolidating the past few days and just
recently started inching above most of the consolidation area. At this
stage it is definitely a wait and see if the resistance will be easily
taken out by the bulls. Fresh exposures may be considered on a move past
$13.91, with a stop-loss at $12.93.
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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.
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.
Labels: IDCC, KFT, NTAP, PCYC, PHM
