Charts on Watch for Wednesday June 06 - eBay (NASDAQ:EBAY)

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RF Micro Devices, Inc.

RFMD

I'd like to see this close over 4.19 before getting involved.

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eBay Inc EBAY - The 50-Day MA at 38.81 continues to act as a strong support in the near term and big sell-off could be seen only if the stock trades below 38.

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Akorn, Inc. AKRX has proven its bullishness. In last trading session, the stock has given a breakout by closing above $14 price level, which has proved as a strong resistance in past trading sessions.

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Las Vegas Sands Corp. LVS is on High Alert for Wednesday as we saw a strong bounce today. I'm not yet sure if a significant bottom around 41 is in place. First positive confirmation, will be obtained on a move above 45.66 and strong second confirmation is obtained on move above 48.68. Unless these levels are taken out, the bias remains negative. Let's keep an eye on it.

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InterDigital, Inc. IDCC Put a nice reversal candle today. The momentum indicators are attempting to turn up from oversold levels. Will watch tomorrow for continuation. I have been saying that the stock is attractive for awhile now and I still believe so. InterDigital is becoming increasingly attractive for potential buyers and long-term investors. If you buy IDCC you have to be patient.

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