Market Overview

Stocks to Watch for November 05, 2013

( click to enlarge )

Himax Technologies, Inc. (NASDAQ: HIMX) has formed a consolidation between 9.35 and the tops of 11.49. Today we saw another nice bounce off the 50-day EMA on volume and I expect HIMX to bounce more from these levels to the top of the current consolidation. Note: Earnings on Thursday.
( click to enlarge )

Vale SA (NYSE: VALE) had a very nice day breaking out above the $16.78 level on heavy volume. As long as it can hold this level, it looks good.
( click to enlarge )

YY Inc (NASDAQ: YY) Looking like a good long if it breaks this resistance on volume.
( click to enlarge )

George Soros increased his stake in Mercury Systems Inc (NASDAQ: MRCY) during the third quarter. Per the 13G filing, the Billionaire investor has revealed a 5.02% stake in MRCY. From the technical daily chart, the MACD and KD are showing buy signal as MACD is on top of signal line and %K line is on top of %D line. In addition, the RSI is back above the neutral line and pointed up. Keep on watch.
( click to enlarge )

Autodesk, Inc. (NASDAQ: ADSK) Setting up to test this resistance level soon. MACD crossover today.

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 preceding 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 (ADSK + HIMX)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Ottawa Rejects Lenovo's Potential Blackberry Bid

Testy Tuesday – Levels Hardly Holding Lofty Goals