Market Overview

Stocks on my Watch List for Thursday, January 3

 ( click to enlarge )
 
Riverbed Technology, Inc.(NASDAQ: RVBD) got a nice upside break from a small bullish pennant on stronger than normal volume. This breakout is likely to spark another steady continuation over the next several days.
 
  ( click to enlarge )
 
Dendreon Corporation (NASDAQ: DNDN) has broken through the clear 5.50 resistance level on heavy volume and could be headed much higher. Look for more strength so long as this stock remains above this level. Short-term technicals are positive.
 
  ( click to enlarge )
 
Himax Technologies, Inc. (NASDAQ: HIMX) - Solid breakout from a clear consolidation at $2.45. Watch for a continuation higher through $2.81 for continued strength.
 
  ( click to enlarge )
 
NVIDIA Corporation (NASDAQ: NVDA) momo watch over $12.81. Looks like the stock could try and take a trip to $13 or so if volume comes in. Short-term indicators turning Up. 
 
  ( click to enlarge )
 
Zynga Inc (NASDAQ: ZNGA) is trading within a clear consolidation at the lows of the latest decline that began in the middle of December. The stochastic shows oversold conditions, but the RSI is heading upwards to the 50 line again, which makes me stay neutral to Bullish. Watch 2.45 up, and 2.3 down for the potential breakout move. 
 
   ( click to enlarge )
 
Dell Inc. (NASDAQ: DELL) Looks about ready to run here. Over 10.76, next stop 11.21 then the run to $11.75.
 
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

 

Most Popular

Related Articles (DELL + DNDN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free