( click to enlarge ) Netflix, Inc. (NASDAQ:NFLX) has been consolidating the breakout move for two weeks and may be ready to follow through. The 200 SMA looms above as resistance, but the stock could easily catch some momemtum and clear it. Breakout watch over $81.33
( click to enlarge ) What a great trading session for Lattice Semiconductor (NASDAQ:LSCC). The stock pushed higher throughout the day and closed out the session right at $4 with higher volumes, indicating positive bias among investors. This creates a bullish scenario for Wednesday. If it closes above 4.16, there is scope for further upside. The MACD line above the signal line further confirms this bullish trend. ( click to enlarge ) Shares of TiVo Inc.(NASDAQ:TIVO) advanced 0.59% to end the day at 10.16. The stock is ready to test the recent highs with the slow stochastic crossing up. I look for a rise to test resistance. ( click to enlarge ) Rubicon Technology, Inc. (NASDAQ:RBCN) I think the time might be coming for a nice bounce as the stock is giving signs of selling exhaustion at oversold extremes. A bounce that could send this stock back over $7 IMO !! $6.31 stop loss for long position. On watch. ( click to enlarge )
Shares of Sirius XM Radio Inc (NASDAQ:SIRI) ended the day marginally higher at $2.79. After testing $2.84, the stock had corrected. As long as the major support level of $2.60 holds, we will be okay. A close above the resistance level of 2.83 ( 20 SMA ) could trigger a buy signal. ( click to enlarge )
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) closed for the second day in a row above its 50 SMA. The stock could touch an upside target of $9.5 in the short term. Existing holders could remain invested with a stop loss at 7.8 During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time. 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. Thanks for visiting AC Investor Blog.