Market Overview

Watchlist for Thursday, February 21

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Uranium Energy Corp. (NYSEAMEX:UEC) has a chart set to breakout. Today, the stock traded more than 1.5 million shares, three times higher than average and ran as high as 6% from Tuesday's close. I strongly believe this bullish momentum to continue into tomorrow's trading session. From a technical standpoint, the stock has an up trending MACD, indicating potential accumulation and an up-trending RSI at 65 indicating room for potential further gains. In addition, the accumul/distrib line shows a significant uptrend and OBV reveals very strong buying pressure. UEC needs to be at the top of your watch list tomorrow.

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Research In Motion Ltd (NASDAQ: BBRY) Symmetrical triangle still holding on the daily, no clear indication of direction yet. However, there are some negative divergences in the daily indicators, showing signs of some weakness. So, $13 is a key support level to keep an eye on.
 
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General Dynamics Corporation (NYSE: GD) is testing a resistance line in the 67.12 area, a break of which could signal a trend reversal.
 
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Infoblox Inc (NYSE: BLOX) New bullish MACD cross has occurred on the daily chart. Breakout watch over $20
 
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Netflix, Inc. (NASDAQ: NFLX) Some technical indicators are showing some weakness. Bearish MACD crossover on daily chart today.
 
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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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