Level 3 Communications, Inc. LVLT still trades within a rising channel but is losing some momentum. I believe we might see a break of its 50-day exponential moving average at $41.52 and the stock price will revisit the bottom of channel for the third time.
SanDisk Corporation SNDK has strengthened massively since April and continued its rise last week in the face of extreme overbought conditions. However, the MACD Histogram is showing some negative divergence (white line) which might result in a pull back. Long positions should be avoided at this point A correction could be expected to 88 (50-day EMA).
Amkor Technology, Inc. AMKR made a potential bearish reversal Friday on massive volume. The stock is far above its 200-day EMA and the RSI is very overbought, so sideways to lower prices are possible near-term. In addition, Oscillators are also turning down. Below 10.42, support is seen at 10.19. The next support comes at 9.82.
AvalonBay Communities Inc AVB Possible Dark Cloud Cover formed on Friday. Plus, there is a negative divergence on the MACD indicator. A lower close on Monday will confirm reversal.
VIVUS, Inc. VVUS is testing resistance in the 5.40 zone, its recent high in last month's move up. A break and close above this key resistance zone would break the stock out to targets in the 5.95-6.10 range. Short-term indicator remains positive.
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.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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