Apple Inc. (NASDAQ:AAPL) broke out to a new all-time high today, accompanied by a good volume suggesting higher levels.The stock has been in a nice uptrend for the last three weeks and it looks very strong with both 50 day and 200 day moving average going up while %K line is on top of %D line. AAPL is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. Watchout for support at 279.01, as long as the stock does not go below this level on its correction phase, we are still safe. AAPL is a stock to keep an eye on for awhile. ( click to enlarge )
The game sector had a bounce on Monday, as most of the big names traded higher. THQ Inc. (NASDAQ:THQI) has a very interesting daily chart and could have a bigger move this week. The recent increase in trading volume and rising OBV suggests buyers are accumulating stock. A breakout above $3.77 would constitute a technical entry for the short term trader looking for a quick trade. Stay tuned.
( click to enlarge ) Today we had a great day with Generex Biotechnology Corporation (NASDAQ:GNBT) being up over 20% in the morning. It gave up some ground but still finished up 16.13% for the day. Now this looks to be just the beginning of GNBT's run and I'm extremely confident that the gains will continue. The technical daily chart is showing a strong bullish bias. On Balance Volume is increasing, indicating accumulation of shares in the market and KD line is indicating upward swing. Watch GNBT closely on Tuesday.
Other stocks to watch :
New 52-week High stocks
ID - Viisage Technology Q - QWEST COMM INTL INC AAPL - Apple Inc CHTP - Chelsea Therapeutics NZ - Netezza Corp BIDU - Baidu Inc JASO - JA Solar Holdings C CAT - Caterpillar Inc EXPE - EXPEDIA INC PM - Philip Morris International KFT - KRAFT FOODS INC INET - Internet Brands Inc TDC - Teradata Corp AMZN - Amazon.com, Inc. NTAP - NetApp Inc ATML - Atmel Corporation KIM - KIMCO REALTY CORP MD CMS - C M S ENERGY CORP ROVI - Macrovision Corpora INTU - Intuit Inc. SWKS - SKYWORKS SOLUTNS VOD - Vodafone Gp Plc CTL - Centurylink Inc DE - DEERE & CO WIN - Windstream Corp CTSH - Cognizant Technolog IVN - IVANHOE MINES LTD ORD CNP - CenterPoint Energy Inc TIBX - TIBCO Software, Inc. CRM - SALESFORCE.COM INC RHT - Red Hat, Inc. NKE - NIKE INC CL B UNP - UNION PACIFIC CORP PGR - PROGRESSIVE CORP FMCN - Focus Media Hldg SO - SOUTHERN CO WYNN - Wynn Resorts LTD KMB - KIMBERLY CLARK CORP FNSR - Finisar Corporation
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.