Trade Setups To Watch on Friday , June 01

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Shares of Zynga Inc ZNGA seems to have bottomed out and is ready for a decent bounce to 6.75-7 levels where is faces some resistance. We'll have to watch the stock around those levels. If you are long, initial stoploss should be placed at 5.8.

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Tellabs, Inc. TLAB is showing signs of bottoming out on the charts along with the MACD giving positive signals. The stock has just broke a Falling Wedge Pattern which is usually bullish.

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US Airways Group, Inc. LCC is a nice stock which has been trending up nicely. I had spotted this beauty last week at around $11 levels and it continues to surprise us on the upside. Many readers have made already made 15%+ on the stock.

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Xcel Energy Inc XEL has just broken out of a range. The stock shall remain bullish above 27 levels.

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Delta Air Lines, Inc. DAL had a very nice day today, breaking out above the $12 level on heavy volume. As long as it can hold this level, it looks good !!

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I found also United Continental Holdings Inc UAL on my scan list. A stock looking to trend upwards. It could be a nice addition to your portfolio $24 might act as good support for the stock. It broke out of a short consolidation today. Volume was strong on signaling that this move should hold. The technical chart above shows a continuation of the trend with MACD and RSI in the Bullish areas. The stock is in a strong bull market with both 50 day and 200 day moving average going up. Keep an eye on it.

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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