A123 Systems, Inc. (NASDAQ:AONE) had a significant bullish momentum last week but the price is now struggling around the trend line resistance indicates critical technical point. Consistent move above $9.65 ( the trend line resistance ) could be a beginning of a new technical bullish reversal at least testing 11.38/11.50 area. Immediate support is at 8.92 followed by 8.68. Honestly, I prefer a bullish scenario.
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Novell, Inc. (NASDAQ:NOVL) had a significant bullish momentum last week after break above 5.84 and now struggling around 6.20. Looking at the technical chart above the bias is bullish in nearest term especially if price is able to stay consistently above 5.94 targeting 6.36. Unless we have another movement back below this level, I think NOVL still in a bullish correction phase. ( click to enlarge )
Shares of Generex Biotechnology Corporation (NASDAQ:GNBT) soared 14.33% to 46 cents per share on heavy volume. The technical chart shows the stock is ready for new rally as %K line is now on top of %D line. In addition, momentum indicators are also signalling good trend with rising OBV and bullish MACD crossover happened on Friday. GNBT is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at $.491. If this level is crossed and the stock is able to sustain above this level, then it might go to $.60. The stock is currently in a new uptrend.
Other stocks to watch :
New 52-week High stocks
ORCL - Oracle Corporation Q - QWEST COMM INTL INC CAT - Caterpillar Inc EXPE - EXPEDIA INC PM - Philip Morris International KFT - KRAFT FOODS INC CHTP - Chelsea Therapeutics XL - Xl Group Plc SLW - Silver Wheaton DE - DEERE & CO CTL - Centurylink Inc SWKS - SKYWORKS SOLUTNS ATML - Atmel Corporation ALKS - Alkermes, Inc. SINA - sina.com ACE - Ace Ltd PGR - PROGRESSIVE CORP CB - CHUBB CORP SVNT - SAVIENT PHARMS HNZ - HEINZ H J CO CTXS - Citrix Systems, Inc. AKAM - Akamai Technologies FTNT - Fortinet Inc ARUN - Aruba Networks Inc ARG - AIRGAS INC PAY - Verifone Systems N - Netsuite Inc SFSF - SuccessFactors Inc IVN - IVANHOE MINES LTD ORD HEW - Hewitt Associates Inc HAS - HASBRO 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.