Market Overview

Watchlist for April 2nd

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Sprint Nextel Corporation (NYSE: S) is one of the momentum favorite stocks right now and it has a great chart. The stock ended the session up 4 cents to 6.25...its best level since June 2011. Sprint is in a strong bull market with the MACD on top of signal and +DI on top of -DI, both showing buy signal. Although the RSI is showing the stock is near to reach overbought conditions, it is not yet the time to leave, as the stock may continue to go up. Wait for a confirmation to take some profits.
 
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OpenTable Inc (NASDAQ: OPEN) - Consolidation below highs. Breakout Watch !
 
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Research In Motion Ltd (NASDAQ: BBRY) Strong close on solid volume in a week tape. The stock is still trading above all five of its EMAs, with all of the moving averages pointing upwards. The technical indicators are bullish. The MACD is positive and touching its signal line. The RSI is above its 50% level and the slow stochastic back above its signal line. Bullish setup. Keep an eye on Tuesday for a possible breakout over 15.55
 
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Sodastream International Ltd (NASDAQ: SODA) broke the DT line on high volume. RSI rising, MACD cross over. Cleared 20MA. Looks to me like it wants to test the highs at 53.99. Stop 48.33
 
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GameStop Corp. (NYSE: GME) breakout on huge volume, would like to see a pullback staying above 28.7 to re-enter.
 
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Giant Interactive Group Inc (ADR) (NYSE: GA) broke out from a Cup with Handle formation on high volume giving strength to the breakout.
 
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Kraft Foods Group Inc (NASDAQ: KRFT) Rebounded from its 9EMA providing an entry point today. Potential breakout play tomorrow.
 
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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.

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