( click to enlarge )
Xerium Technologies, Inc. XRM finally broke the consolidation on good volume. Look for more upside here. The chart above shows the stock is on a bull market as it is trading above both 50-day and 200-day exp moving average and the 50-day moving average is on top of 200-day moving average heading upwards. In addition, MACD shows a bullish crossover. For short term, as long as it is trading above its 20-day exp moving average, it's considered to be in the bullish mode technically.
( click to enlarge )
Ruckus Wireless Inc RKUS Another good winner. Today, it hit a low of $10.62 before bouncing back to close at $10.59, up 8.5%. Keep on watch as the stock tries to break through its 13-day EMA resistance area around 11.76 to continue the short-term bullish scenario.
( click to enlarge )
Golden Minerals Co AUMN The stock saw a strong bounce on heavy volume today, bringing it up to the 50-day exp moving average after coming off a triple bottom.
( click to enlarge )
Advanced Micro Devices, Inc. AMD needs to close above the 4.20 level on heavy volume to be a long play.
( click to enlarge )
Facebook Inc FB There is short-term resistance looming at 24.29 (EMA20). A break above this level would leave 23.26 as a short-term bottom, creating room for strength towards Tuesday's high at 24.60. The MACD shows a positive divergence, suggesting a reversal in the short-term.
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
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.
Thanks for visiting AC Investor Blog.
AC
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.
Thanks for visiting AC Investor Blog.
AC
© 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
