( click to enlarge )Costco Wholesale Corporation (NASDAQ:COST) Price broke out of a one-month consolidation period on heavy volume, making a new all-time high over 99. From a technical standpoint the MACD generated a buy signal today plus the RSI is turned upward and isn't at an overbought level just yet, so I guess the breakout today is legit. The stock looks good for more.
( click to enlarge )Shanda Games Limited (NASDAQ:GAME) - There is a possible double-bottom on the daily charts at 3.16 with a confirmed neckline around 3.50. If this level continues to hold as support, a retracement rally back towards 3.84 looks achievable.
( click to enlarge )Cree, Inc. (NASDAQ:CREE) is moving sideways in a narrow range with a slight bias to the downside. A break out on either side of this range will decide the stock direction.
( click to enlarge )Complete Genomics, Inc. (NASDAQ:GNOM) shares successfully broke the resistance of its 200-day moving average of 2.93 with unusual volumes. This is a very bullish development. Short-term technical indicators are strong and the MACD on the daily chart recently produced a new buy signal. If the stock can break today’s high of $3.17, we should see a strong follow through move.
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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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