Stocks to Watch for August 6, 2013

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Winnebago Industries, Inc. WGO was on my watchlist. The stock broke out late in the session to close at its highs on strong volume, so watch for follow through day.

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BlackBerry Ltd BBRY bounced in a big way today amid some decent buying and looks to continue its upward trajectory on Tuesday. I believe there is more upside to this bounce and would recommend keeping your eyes on BBRY tomorrow.

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Inovio Pharmaceuticals Inc INO has been is on a remarkable run since June and it does not look like the trend will change soon. The stock has been hitting higher highs and higher lows amongst strong RSI price points. In fact, the RSI is showing multiple points of overbought periods. At this point, any dip should be used as opportunity to buy.

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InterDigital, Inc. IDCC looks done IMHO from a technical standpoint, probably a good stock to short on any pops. The technical dail chart above now shows bearish sign as the 50-day exp moving average has crossed below 200-day exp moving average to form Death Cross, a strong sell signal. In addition, other technical indicators such as RSI and ADX also show weak signal as RSI is below 50%level and +DI line is below -DI line. Next major support lies at 35.41

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Expedia Inc EXPE like for a potential gap fill over $51.35

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America Movil SAB de CV (ADR) AMX waiting for a break and close above the $22 level for a long position.

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Keep an eye on Addus Homecare Corporation ADUS, may want more highs. Short-term momentum indicators have turned up and the RSI is on the rise.

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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

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