( click to enlarge )Shares of Citigroup closed again above its 200-day moving average of $3.99, a bullish sign that puts the next stage of resistance at $4.09 ( 50-dma ). On the technical chart, we can see a few things going on here. First, the stock is testing a horizontal trendline acting as potential resistance. Also, stochastics are indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock as indicated by the OBV.
( click to enlarge )This is another stock I am watching closely. GNTB can pop big time on any positive news. The technical daily chart is showing a double bottom here. In addition %K line has just crossed on top over %D line showing strong buy signal as ROC is at oversold level. On balance volume is also showing positive divergences. I will look to buy if the stock breaks above 0.345.
( click to enlarge )LVLT has pulled back into support and may offer some value here.
( click to enlarge )AMZN is at critical support near $115.94. The stock could go either way depending on how it deals with a major trendline.
Other stocks to watch :
Earnings Announcements for Tuesday, June 29
Advanced Photonix - API
COMMUNITYSOUTH FINANCIAL CORP - CBSO.OB
Dara Biosciences - DARA
Euro Tech Holdings Co Ltd - CLWT
Exfo Electro-Optical Engineering - EXFO
FNB United Corp. - FNBN
Friedman Industries - FRD
General Mills, Inc. - GIS
Leading Brands - LBIX
OMNOVA Solutions - OMN
Parlux - PARL
Sealy Corp. - ZZ
US DATAWORKS INC - UDWK.OB
Worthington Industries - WOR
New 52-week High stocks
NEM - NEWMONT MINING CORP
EGO - ELDORADO GOLD CP
SLW - Silver Wheaton
BVF - BIOVAIL CORPORATION
OVTI - OmniVision Technologies
ENTR - Entropic Communication
TIBX - TIBCO Software, Inc.
UXG - US Gold Corp
SUN - SUNOCO INC
AIPC - AMERICAN ITALIAN PA
VRX - I C N PHARMACEUTICAL
GOLD - RANDGOLD RESOURCES
NBIX - Neurocrine Bioscien
PPO - Polypore International
ENZN - Enzon, Inc.
ILMN - Illumina, Inc.
COO - COOPER COS INC NEW
NXTM - NXSTAGE MEDICAL INC
CPNO - COPANO ENERGY LLC UTS
SRCL - Stericycle, Inc.
LOOP - LOOPNET INC
VSI - Vitamin Shoppe
New 52-week Low stocks
NOK - NOKIA CORP
RIMM - Research in Motion
QCOM - QUALCOMM Incorporated
KBH - Kaufman and Broad H
JCP - PENNEY J C CO INC
AMTD - TS Ameritrade Holdings
MON - Monsanto Co
SVU - SUPERVALU INC
IM - INGRAM MICRO INC
AFFY - Affymax Inc
AGD - ALPINE GLOBAL DYNAM
BRKL - Brookline Bancorp
NMR - NOMURA HOLDINGS
List of stocks whose MA 13 crossed above the MA 50 ( Bullish Cross )
LLY - LILLY ELI & CO
NSM - NATIONAL SEMICONDUCTOR
HGSI - Human Genome Scienc
ADM - ARCHER DANIELS MIDL
ABB - ABB LTD
SLM - USA EDUCATION INC
PHG - Koninklijke Philips
CLNE - Clean Energy Fuels
NUAN - Nuance Communications
UN - UNILEVER N V
CCK - CROWN CORK & SEAL I
LBTYA - Liberty Global Inc
NEE - Nextera Energy
FTO - FRONTIER OIL CORP
NSC - NORFOLK SOUTHERN CORP
RVBD - Riverbed Technology
ALKS - Alkermes, Inc
ACL - Alcon Inc
USU - USEC INC
OC - Owens Corning Inc
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.
Good luck to all,
AC
