( click to enlarge )
Zynga Inc ZNGA moved up about 1% on light volume. My first target remains at $2.71 and the stop loss remains at $2.10. The stock still holding its 50-day SMA and trading around it in this bearish environment, which is a Bullish sign. The Slow Stochastic is about to cross up and this may indicate a surge coming. I'll add to the position on a breakout above $2.45.
( click to enlarge )
Nu Skin Enterprises, Inc. NUS made a strong upside reversal. Only a close above $36.04 would suggest further upside. I think NUS is due for recovery as %K line has crossed on top over %D line. The stock needs to close above this level in order to alleviate the negative near term view.
( click to enlarge )
Chemtura Corporation CHMT made a new 52-week high today but failed to close above the previous highs. A breakout from the flag pattern on the upside is positive and the up-move is supposed to continue. Now, the stock needs to confirm the break higher by holding this level above its 20-day SMA and continue to move higher from here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in