Market Overview

Watch List for the First Day of March

( click to enlarge )

For the past 6 months the stock has been moving sideways, mostly flat since November. Connecting the peaks and lows, it seems that NVDA´s stock may be in a symmetrical triangle formation. Right now, NVDA is almost near the triangle's apex, so watch out for either a breakout or breakdown of this stock in the coming days. The momentum in the short-term remains modestly bullish, with MACD trending upwards above its signal line. A close above 12.68 would be required to turn the near-term bias significantly toward buying trades. Stay tuned.
( click to enlarge )
MAKO Surgical Corp. (NASDAQ: MAKO) is an eye catcher for its large volume and long spread on the last trading sessions. There is an upward potential of up to $14 based on the resistance line connecting the previous peaks. Definitely on watch.
( click to enlarge )
Research In Motion Ltd (NASDAQ: BBRY) nice move higher off strong support. If it breaks above $14 look for a major move north, but still in wait and see mode.
( click to enlarge )
The Gap Inc. (NYSE: GPS) Momentum has turned bullish, and a break above resistance at 33.88 would open the door for a rally to 35.
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.


The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


Related Articles (GPS + BBRY)

View Comments and Join the Discussion!