Shares of USEC Inc. (NYSE:USU) soared 13% or 15 cents to $1.29 per shares on heavy volume. The stock has had a rough time over the past weeks, but today’s bounce could be the first move to recovery. The technical chart shows the stock is in a rally as %K line is rising on top of %D line as the price is back above 20-day moving average. Another bullish indicator is the MACD which is showing a bullish divergence, while we are not so far to cross his neutral signal. In addition, the short-term downtrend line has been broken. At this stage, we can expect to see higher prices in the days to come.
Novatel Wireless, Inc. (NASDAQ:NVTL) has been under pressure recently but in the last sessions the stock reversal its trend. I like the chart formation for this stock and expect to see a stronger breakout move. Resistance is now $3.29. Keep the stock on your radar for the next few trading days. If the stock can break through resistance, we should see a strong upside move. I notice that +DI is also above –DI, which indicates a continuation of the up trend. ( click to enlarge ) Google Inc. (NASDAQ:GOOG) - On the tehcnical chart the present uptrend is getting confirmed as the days go on. The major trend is still bullish as we can see on the chart above. I'm using today’s high of $668.15 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $680.
( click to enlarge ) Denison Mines Corp. (NYSEAMEX:DNN) broke a key resistance level on a volume expansion. Watching for a close above $1.41 ( click to enlarge ) Smith Micro Software, Inc. (NASDAQ:SMSI) broke its 50-day MA today on strong volume and could eventually rally up to test $1.5 area. In addition KD also indicate positive momentum.
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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.
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