Market Overview

Friday December 14th Watchlist

( click to enlarge )
 
The momentum seems to be fairly bullish for Groupon Inc (NASDAQ: GRPN) on the daily charts. From a technical standpoint we have seen positive divergence on both the MACD and the RSI. Look to buy GRPN on dips with a stop at 4.21 for an initial upside target of 5.5.

( click to enlarge )

Santarus, Inc. (NASDAQ: SNTS) Another nice breakout with big volume after two months base. If the stock can break today's high of $10.53, we should see a strong follow through move.
 
( click to enlarge )
 
The technical chart is exhibiting a positive MACD divergence and the stock price is above the 20 simple moving average. Although some risk is always involved because we have here a bear medium term trend, at this point a long position is the right choice IMO, with a stop loss at 3. From a fundamental standpoint GT Advanced Technologies Inc (NASDAQ: GTAT) has a PE of 3.85, PEG of only 0.38% a very rare number and $4.03 cash per share. And there is one more reason, institutional still holding 101%. The short interest is about 32% of the float and it's supposed to take about 10 days to cover it, so a squeeze is also  possible. Keep GTAT on your radar screens.
 
( click to enlarge )
 
Zynga Inc (NASDAQ: ZNGA) is bullish on charts for near term. The stock faced resistance around its 100-day SMA and ended on a soft note. Look to trade ZNGA with a positive bias, with a stop at 2.37. On the upside the stock can jump to $3.
 
( click to enlarge )
 
H.J. Heinz Company (NYSE: HNZ) Could be a high flyer on breakout, look for break above $58.98 to enter longs.
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: Trading Ideas

 

Related Articles (GRPN + GTAT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters