Market Overview

Wednesday December 5th Watchlist

What a day my subscribers had with some amazing gains on multiple stocks from my watchlist : GMCR, FSLR , ESI , SODA and OCZ. So, a big congratulations to all of you. Here are the stocks you should be watching on Wednesday.

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Apollo Group Inc (NASDAQ: APOL) crossed its 20-day moving average and closed up $1.47 at $20.53 on strong volume. The momentum indicators have turned up from oversold levels. The current rally should at least push the stock to $21.5 per share where the major resistance is. APOL needs to close above this level to indicate a continuation of the rally.
 
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InterDigital, Inc.(NASDAQ: IDCC) has been under a buying pressure in the last few weeks and overall the stock still looks healthy. The technicals look good as seen in the chart. The RSI indicator sloping up and crossing the 65 mark and MACD crossover indicates more upside potential for the stock. The daily chart suggests a strong confidence in IDCC's stock, a clear uptrend momentum. It's now in a Breakout mode.
 
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Crocs, Inc.(NASDAQ: CROX) continues to look bullish to me. Strong breakout and low volume on pullback. Flagging out here, watching for the break out. Keep on radar for a momo play ;)
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OCZ Technology Group Inc. (NASDAQ: OCZ) Next buy point is when the stock makes a move above the resistance at $2 on a close basis. Momentum is with the bulls !!

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Amarin Corporation plc (NASDAQ: AMRN) will push through resistance at $13 if Nasdaq makes a move up.

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United Rentals, Inc. (NYSE: URI) is holding above the 20-day moving average at $40.47. Short-term investors can hold the stock as long as it trades above this support. I think the stock should continue to go up. Looks technically Bullish.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

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.

AC

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas

 

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