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FormFactor, Inc. FORM - The stock pulled back nicely today to support on its 200 sma at 6,17, giving me a convenient entry point. I still think there is another upside move coming soon. Resistance stays at $6.75,which was Thursday's high. Keep watching the stock over the next few trading days.
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Shares of InterDigital, Inc.IDCC, rose 5.67% to $27.75 per share after the company announced that its Board of Directors has authorized a new $100 million stock repurchase program. The technical chart above shows weak sign as the stock is still trading below 50-day and 200-day moving average with both moving average still falling. Another weak sign is MACD which is still below 0. On the other hand, ROC shows the stock is oversold and with volume spiked as %K line crossed on top of %D line this is probalby the time that the stock would finally reverse the downtrend.
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Linkedin Corporation LNKD traded higher today, after the company released strong earnings late Thursday. The stock hit a high of $120.63, which is resistance for the continuation move. LNKD is still in bull market as 50-day moving average is still above 200-day moving average with MACD above 0. For those who did not have a chance to buy the stock, any pull back is your buying opportunity.
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Netflix, Inc. NFLX The near-term outlook is negative and a move to the 65-67 range appears likely. The technical daily chart shows the stock is in a bear market as it is way below of 200-day moving average and trading below its 20 and 50-day moving averages. In addition, since MACD is in negative territory as it has dropped below 0 this is not the time yet to buy the stock for long. Only a break above 83 would reinstate bullishness.
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Dendreon Corporation DNDN Contrary to expectations the stock ruled strong this week moved closer to the resistance level of 12. Investors may remain invested with a stop-loss at 10.54 (on closing basis) as the stock appears to have the potential to breakout the target zone of 12. So far the technical chart is still showing buy signal with stock trading above 20 day and 50 day moving averages with MACD on top of signal line.
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