+ 1.11
+ 0.32%
+ 0.51
+ 0.29%

Stocks to Watch for June 19, 2014

June 19, 2014 7:47 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
( click to enlarge )

Alpha Natural Resources, Inc. (NYSE: ANR) has had a nice rebound over the past couple of days and is now consolidating its recent gains. Nearest resistance for the stock is at $3.74. If this level is crossed and the stock is able to sustain above this level, then it might go to $4.12. Among oscillators, the RSI and MACD are currently showing positive momentum.

( click to enlarge )

Walter Energy, Inc. (NYSE: WLT) displayed relative strength today and broke out above resistance at the $5.22 level on solid volume. The 20-day EMA has been resistance for weeks. Watching if this can go into $6s tomorrow.

( click to enlarge )

AOL, Inc. (NYSE: AOL) has formed a rounding bottom formation in the daily chart and finally  the stock closed above the 20-day EMA. The recent increase in the volume activity along with positive crossover of RSI suggests fresh buying interest in the stock.

( click to enlarge )

Petroleo Brasileiro Petrobras SA (NYSE: PBR) showed buying strength all day on Wednesday. The stock is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. 16 break out watch.

( click to enlarge )

Plug Power Inc (NASDAQ: PLUG) breaks above the 50-day EMA for the first time since late April and should have a continuation move on Thursday. It looks like the stock is starting to turn back up and indicators are giving the first bullish signs.

( click to enlarge )

I feel Lithium Exploration Group Inc (OTCMKTS:LEXG) is on the verge of a big bounce from these cheap levels. Most importantly this stock is a Lithium Play, so keep it on your radars tomorrow.

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.