Stock Setups for Friday - Check Point Software (NASDAQ:CHKP)

( click to enlarge )

Associated Banc Corp ASBC traced out a nice setup and this upside breakout has some power. There looks to be good upside in the stock, so keep it on your radar the next few sessions.

( click to enlarge )

This stock looks poised for an impressive rally, after surging today on strong volume. If PEIX continues to get attention it could break the $.39 mark tomorrow, which would be a remarkable gain. Technicals Showing Signs of a Bottom. Watch PEIX closely.

( click to enlarge )

Netflix, Inc. NFLX dropped by more than 1.7% today with good volume, making it a distribution day, the second in a row. I wouldn't be surprised to see a pullback to the $147 to $150 area.

( click to enlarge )

Groupon Inc GRPN appears to be gaining momentum again and a moving train is difficult to stop. Resistance at $5.59 could be the last pause before a strong move higher.

( click to enlarge )

TiVo Inc. TIVO Broke out to new highs today after consolidating for last 2 months. Volume surged and this breakout looks like it is here to stay. All exponential moving averages are below turning up for support. I like this stock for a swing trade.

( click to enlarge )

Check Point Software Technologies Ltd. CHKP A break above the $50 level would give the stock momentum for a run to test the $52. A pullback to the 48 area would also be a great oportunity to buy on pullback for those who want to trade the swings.

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

Market News and Data brought to you by Benzinga APIs