Stocks to Watch for August 7, 2013


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Apple Inc. (NASDAQ: AAPL) closed back below the 200-day EMA, which was a nice little sell signal. The technical daily indicators are bullish, but showing some signs of weakness. MACD is rising above its signal line in positive territory, but RSI is sliding down from its overbought zone. Some consolidation or correction is likely. I think a pullback would be healthy.
 
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OCZ Technology Group Inc.(NASDAQ: OCZ) Could be good for more upside. The stock has a good solid uptrend going, if it breaks 200-day EMA on volume, go long.
 
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Himax Technologies, Inc. (NASDAQ: HIMX) Looks like the stock may have put in a short-term bottom. Cup and Handle forming here, if the stock can break the handle go long and do not look back XD Stop 6.03
 
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InterDigital, Inc. (NASDAQ: IDCC) still a good short setup if the market pulls back. Ugly chart, its MACD displayed a new bearish crossover.
 
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Hudson City Bancorp, Inc. (NASDAQ: HCBK) Bull flag on the daily chart. When the stock closes over the upper band on good volume, go long. On the downside, short the stock when closes below the lower.
 
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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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AC

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: TechnicalsMarketsTrading Ideas