Stocks to watch out for next week
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( click to enlarge )KB Home (NYSE:KBH) had a huge breakout day on heavy volume. Next resistance is seen at 15.51 which is the highs of 2011. If you are a disciplined trader, wait a pull back to enter.
( click to enlarge ) Groupon Inc (NASDAQ:GRPN) closed at 5.28, up 13 cents for the day reconfirming the new uptrend after the recent break above the major resistance on expanding volume. The technical indicators are looking better for the stock. The technical chart shows a bullish sign as the stock is back on top of 20-day moving average with MACD rising and approaching the zero line from below. For now, expect a run up to next resistance area around $5.74. If the stock is able to cross it and sustain above it, then it might go to $6.34.
( click to enlarge )The stock surged in the final hour of trading and closed back over 3.2. The real fireworks should begin if ZNGA can close above $3.33. As long as the stock can remain above $2.89, I like the stock. The accumulation/distribution line is starting to curl upward (accumulation) which should eventually lead to price increases. That bodes well for a breakout ;)
( click to enlarge )Keep an eye on Career Education Corp. (NASDAQ:CECO) and monitor its volume, RSI and Accum/Dist for any potential breakouts. If the stock can manage a breakout above the 50-day moving average located at $3.98 on high volume, it would be a great buying opportunity but only on a breakout. The MFl is showing that there is more money flowing into a security that out of the security. You want to watch the stock closely as CECO can move quickly and you want to be ready for this move once it happens.
( click to enlarge )The price movement on Cell Therapeutics Inc (NASDAQ:CTIC) this week was marked by a high degree of volatility as chart shows. The near-term outlook would depend on the price movement in the next few sessions. A close above 3 would impart bullishness and would help the stock move to the 3.6-3.94 area. A drop below 2.48 would have negative implications that would push the stock down to the 2.2-2 range. The trend for CTIC is down in short-term and today’s action doesn’t change that. A move above resistance 3 could signal a reversal of the trend while a move below support confirms the downtrend.
( click to enlarge )Homeowners Choice, Inc. (NASDAQ:HCII) A nice looking bullish pattern on the daily chart. About to break out up into new highs once again. Long over 23.89
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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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AC
