Market Overview

Friday February 8th Watchlist

 
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Apple Inc. (NASDAQ: AAPL) has now confirmed the breakout and entered the gap on the 2H chart, next resistance above at $480. With the RSI firmly above 50 and MACD back above zero, the stock looks prime for a continuation of today's rally.
 
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Active Network Inc (NYSE: ACTV) - This chart popped up on my scanner today and I feel it is one that should make its way onto your watch-lists for Friday. The technical chart ( 2H ) shows a stock that is right on the cusp of a nice breakout. If the stock can break through its 200-day ema at 5.81, then I think the recent high could be well within reach. The short-term trend is definitely up. Keep a close eye on ACTV for Friday.
 
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First Solar, Inc.(NASDAQ: FSLR) pulled back today as most of the market traded lower, but I still think there is another upside move coming soon. Initial resistance stays at $31.99, which was last week's high. MACD finally gave a buy signal today. Keep watching the stock over the next few trading days.
 
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Linkedin Corporation (NYSE: LNKD) is trading higher after hours, as the company released strong earnings. Right now, the technical chart is in a short-term consolidation mode, the longer-term trend remains up. Key resistance is located at 127.45, a break above this level will confirm the new bullish trend and the following uptrend will take price up to 140 zone.
 
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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: Technicals Markets Trading Ideas

 

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