( click to enlarge )The chart of Vonage Holdings Corp. (NYSE:VG) looks great as it continues to trade within a large ascending triangle pattern with resistance at 2.55. That resistance level is the area to watch closely and breakout above is a strong buy signal.
( click to enlarge )Shares of GT Advanced Technologies Inc (NASDAQ:GTAT) closed above its 50-day moving average for the first time since September 2012, a strong bullish sign that puts the next stage of resistance at $3.56. On the technical chart, we can see a few things going on here. First, the MACD continues to trend higher near to cross above 0. Also, stochastics are indicating a trend reversal to the upside. Last, and definitely not least, the RSI back above the 50 centre line. You should keep this stock on your screen radar.
( click to enlarge )Gilead Sciences, Inc. (NASDAQ:GILD) has been in a range over the past two weeks. The stock looks like it wants to breakout of this range, but has not been able to gain the needed momentum. Today’s high of $78.75 is the top of this range, which makes it resistance for the breakout move. You should keep this stock on your screen radar.
( click to enlarge )Apollo Group Inc (NASDAQ:APOL) looks to be breaking out, as the stock closed up 52 cents on Thursday. APOL looks to have bounced off lows earlier this month as it gains upside momentum. You need to watch it closely and be ready for this upside move.
( click to enlarge )MELA Sciences, Inc. (NASDAQ:MELA) has pulled back into support and may offer some value here.
( click to enlarge )Leucadia National Corp. (NYSE:LUK) finally broke out and made a nice move today. I'll be watching the stock for a continuation move on Friday. LUK has good upside potential, so keep watching the stock for further moves.
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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
