Thursday January 17th watchlist - Advanced Micro Devices (NASDAQ:AMD)

Hello everyone, thank you for coming here again.

Before starting to share my watchlist for Thursday , I would like to invite everyone of you to join this free webinar tomorrow ( Thursday, January 17th @ 7:30pm EST - 8:30pm EST ) titled, "Taking a Little Out of the Middle" with Tim Biggam, the former Lead Options Strategist for TD Amertrade ThinkorSwim and current Lead Options Analyst for TradingBlock. He will show how to trade a Rangebound market, use real market examples, provide a market outlook, discuss past trades he and his Options & Volatility members traders, and answer all questions. To register, click here.

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Wednesday's 8% gain in Inteliquent IQNT saw shares breakout from a four-week pennant formation. The stock still looks poised for a move higher. If you're looking for an entry point I would wait for a dip into the $3.11-3.07 zone. Any break or close above the 3.25 level on high volumes is likely to trigger a new wave of buyers on stock in the days ahead. On radar.

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Short-term and medium-term bias remains positive for Advanced Micro Devices, Inc. AMD The stock has been consolidating in the range of 2.57-2.76 in the last few days and is comfortably trading above 13 / 20 and 50SMAs, which shows the strength of stock. You need to watch the stock closely because it could break resistance soon.

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If you are still looking for an entry point into Baidu.com, Inc. BIDU there is a chance that the stock will retest the $106-105 zone again.

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Qihoo 360 Technology Co Ltd QIHU - The MACD generated a sell signal. The $29 level is a key support level, as the stock has not traded below this level since December.

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Alpha Natural Resources, Inc. ANR - If this support holds and sentiment improves towards the sector a bounce or move higher could be in the cards.

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Facebook Inc FB is pulling back to test the breakout level and support trendline, will recover again imo hold.

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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.

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AC

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