( click to enlarge ) Textron Inc. (TXT) stock broke out of the ascending triangle, closing higher with decent volume. MACD seems to confirm the break out. If by Tuesday this stock gaps up, you can wait for the return move to get in.
( click to enlarge ) Crocs, Inc. (NASDAQ:CROX) faces resistance at the 21.6-22 range. A close above the 200-day SMA would impart positive momentum. I will watch the stock closely the next few days, watching for this move to occur. CROX will move quickly and could be too volatile for some traders. The technical indicators are still in favor of the short-term uptrend continuation.
( click to enlarge )Smith & Wesson Holding Corporation (NASDAQ:SWHC) broke out today after it has been consolidating the past few trading days. The stock moved up on heavy volume and should have a continuation move on Tuesday. If the stock can break through today's high of $8.5, I am a buyer of the stock.
( click to enlarge )Fortinet, Inc. (NASDAQ:FTNT) broke out to new 52-week highs today. I'm expecting to see the stock continue this move on Tuesday. As long as the stock stay above $27.9 area, the bullish scenario is still intact. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line.
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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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