Stocks to Watch for May 15, 2013 - eBay (NASDAQ:EBAY), Gap (NYSE:GPS)

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eBay Inc EBAY formed a bullish engulfing pattern on the daily chart. The RSI confirms the uptrend and the stock trades comfortably above the 13 and 20 EMAs. I expect the stock near-term up trend to continue. Next resistance is located at $57, while immediate support has moved up to $54.92

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Sirius XM Radio Inc SIRI finally broke out of the flag formation. Today's high volume was what we want to see when a stock breaks resistance. I believe it's time to be Bullish again on stock. The bull flag consolidation pattern that we are just coming out of is one of the most bullish patterns around. A good buy on the pullbacks.

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The short and medium-term trend in The Gap Inc. GPS looks promising. The stock is currently consolidating after hitting a new 52-week high on Friday. GPS looks good for higher prices, next buy area when clears 41.43 on heavy volume.

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NXP Semiconductors NV NXPI Keep an eye on this one, setting up to break this resistance area. Next buy point 30.39 on volume

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Procera Networks Inc PKT Keep an eye on this one, looking like it may try to break this flag and back over 14

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Linn Energy LLC LINE On watch. Nice bullish englufing candle today. Has a gap to fill over 32.10

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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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