( click to enlarge )Starting with Sprint Nextel Corporation (NYSE:S), on the daily chart the present uptrend is getting confirmed as the days go on. The technical daily chart above shows the stock is ready for major rally as 50-day moving average has just crossed on top over 200-day moving average to form Goldnen Cross, a very bullish signal. Additionally, the MACD shows a positive sign as MACD and signal line are above 0. Additonally, the accumul/distrib indicator shows a marked increase in accumulation since the middle of May. Immediate support remains at $3.1 followed by $3. I'm using today’s high of $3.45 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $3.9.
( click to enlarge )Another great day for Pharmacyclics, Inc. (NASDAQ:PCYC) as it breached new highs. At this stage, we have to start thinking about just how high PCYC will go.
( click to enlarge )Google Inc (NASDAQ:GOOG) - From a technical standpoint the near-term trend is bearish and GOOG faces a strong resistance at $590.48 ( 50-dma ). A close above this level is a pre-requisite for the reversal of the bearish trend. It is better to wait and see if the stock can break above its 50-day moving average.
( click to enlarge )There is a potential breakout scenario developing on the daily chart of InterDigital, Inc.(NASDAQ:IDCC). I'm looking for a move above the 30.28 resistance. If this level is crossed and the stock is able to sustain above this level, then it might go to $33.45. On the downside, the stock has support at $28.05. The stock is currently in a new uptrend. I feel this stock will easily make a strong move to the upside.
( click to enlarge )Trina Solar Limited (NYSE:TSL) stock broke a key resistance level on a volume expansion. If we see follow-through tomorrow, it might run hard.
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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
