April 04, 2013 at 17:17 PM EDT
Stocks to Watch for April 5, 2013
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Facebook Inc (NASDAQ:FB) broke out from a falling wedge on high-volume. It could now target its 50-day SMA which is at $27.86. MACD crossover today. Stop 25
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Best Buy Co., Inc. (NYSE:BBY) had a strong day and broke through its resistance line of two weeks correction. The volume confirmed the breakout, as it was greater than average. This momentum could push this stock much higher from here, so keep BBY on your radar for Friday’s trading day, as there is good upside potential in this move.
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Invesco Ltd. (NYSE:IVZ) Looks to have a bull flag formation on it here. Buy point would be on the day it blows through $29 on heavy volume.
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Vical Incorporated (NASDAQ:VICL) Could be a high flyer on breakout, look for break above $4.3 to enter longs.
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J.C. Penney Company, Inc. (NYSE:JCP) made a strong upside reversal today. The technical daily chart suggests that stock might find now resistance at $15.3 (50-day MA). Only a close above this level would suggest further upside.
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Las Vegas Sands Corp. (NYSE:LVS) Needs to hold the 50-day moving average at $52.81 and as long as it holds on closing basis the downside is limited. From the technical analysis perspective, the outlook for the stock is relatively bearish. MACD and RSI charts are flashing bearish signal. This will be a stock to watch tomorrow.
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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
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