From a technical standpoint this is still a good time to buy AAPL in short-term as %K line has just crossed on top over %D line. Nevertheless the short term trend is still weak as the stock has been trading below 50 day and 20 day MA with 50 day MA now going downward showing bearish signal. Immediate resistance is at 242.61 (yesterday’s high). A break above that area could trigger further upside recovery testing 252.18. Watch AAPL on Monday. ( click to enlarge )
The short-term outlook for CIEN is bullish. Fresh long should be made only when the stock closes above $13.07 ( 50-day moving average ) with an up candle. We need a consistent move above this level to continue the bullish scenario testing $14.03 ( 200 dma ).
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The stock had a significant bullish momentum on Friday and now back above $7.58. The bias is bullish in nearest term and the major bullish scenario remains intact. The technical chart above shows this is just the beginning of the rally for Motorola as %K line is just in the mid way after it crossed on top of %D line early this week. Resistance is now $7.75, which was Friday’s high of the day. Once MOT breaks through this resistance area, we should see an increase in volume as the stock moves higher. Keep a close eye on the stock for the follow through move on Monday.
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I've been looking at GNBT for a possible breakout candidate. And the chart above of the stock was one that I analyzed last week. From my point of view, there are solid and consistent buyers here. GNBT's chart suggest that increased buy side activity could push share prices to much higher levels. The stock has pulled back to support on low volume, generally this represents a good buying opportunity. The short-term outlook for GNBT appears positive. The stock could touch an upside target of $.60 in the medium term. Existing holders could remain invested. The bias is bullish in nearest term. A close above $.491 (200-day moving average ) would impart bullishness and would help the stock move to the $.58-$.60 band. There is a lot of upside potential in GNBT, so keep watching for the breakout move.
Other stocks to watch :
New 52-week High stocks
PAR - 3PAR Inc NZ - Netezza Corp ARUN - Aruba Networks Inc SLW - Silver Wheaton MCD - MCDONALDS CORP EGO - ELDORADO GOLD CP NI - NISOURCE INC SO - SOUTHERN CO FTNT - Fortinet Inc ARST - ARCSIGHT INC CMS - C M S ENERGY CORP RVBD - Riverbed Technology RHT - Red Hat, Inc. CB - CHUBB CORP PCG - P G & E CORP HLDG CO CPB - CAMPBELL SOUP CO HS - HEALTHSPRING INC MCRS - MICROS Systems, Inc. CVLT - CommVault Systems Inc FOSL - Fossil, Inc. IT - GARTNER GROUP INC FRG - Fronter Gold Inc WEC - WISCONSIN ENERGY CORP ARG - AIRGAS INC PNW - PINNACLE WEST CAP CORP QSFT - Quest Software, Inc.
New 52-week Low stocks
BAC - BANK OF AMERICA CORP INTC - Intel Corporation CSCO - Cisco Systems, Inc. HPQ - HEWLETT-PACKARD CO UNG - United States Natur AMAT - Applied Materials RIMM - Research in Motion STX - Seagate Tech SCHW - Charles Schwab Corp CVS - CVS Caremark Corp YHOO - Yahoo! Inc GPS - GAP INC JCG - J CREW GROUP INC WDC - WESTERN DIGITAL CORP IP - INTERNATIONAL PAPER CO IMGN - ImmunoGen, Inc. VLO - VALERO ENERGY CORP NEW SPLS - Staples, Inc. BBY - BEST BUY CO INC HIG - Hartford Financial NSM - NATIONAL SEMICONDUCTOR AMGN - Amgen Inc. ASML - ASM Lithography Hol HRB - BLOCK H & R INC
The following list show stocks whose share price crossed above its 13-day moving average
PWER - Power-One, Inc. BMY - BRISTOL MYERS SQUIB VMED - Virgin Media Inc COF - CAPITAL ONE FNCL CORP CSX - C S X TJX - TJX COMPANIES INC EXC - EXELON CORPORATION NBG - NATIONAL BANK OF GREECE DHR - DANAHER CORP NXY - Nexen Inc MBT - MOBIL TELESYSTEMS MCHP - Microchip Technology FCS - FAIRCHILD SEMICONDUCTOR OHI - OMEGA HEALTHCARE IN XEC - Cimarex Energy Co EBR - Centrais Eletricas HW - Headwaters Inc
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.