Market Overview

Stocks To Watch on Wednesday November 28

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First Solar, Inc.(NASDAQ: FSLR) brokeout of a large Bullish ascending triangle with large volume. Look for confirmation tomorrow. The technical daily chart is showing bullish sign as the 50-day moving average has crossed above 200 day moving average early this month and MACD is above signal line.
 
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Green Dot Corporation (NYSE: GDOT) Broke out today on good volume. Look for more upside from here. The technical indicators are displaying good signs. The stock could touch an upside target of $13 in the short-term.
 
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Sonus Networks, Inc. (NASDAQ: SONS) broke through a short term resistance line of 1.45. The increase in volume hopefully would bring the stock price up to its 20-day moving average at 1.57.
 
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 Cree, Inc. (NASDAQ: CREE) Nice breakout on high volume. Buyable on a pullback to the pivot. 
 
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Monro Muffler Brake Inc (NASDAQ: MNRO) closed higher on Tuesday as the stock looks to be bouncing off support. The stock hit a high of $33.49, which is resistance for Wednesday's follow through move.
 
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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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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: Trading Ideas

 

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