( click to enlarge )NVIDIA Corporation (NASDAQ:NVDA) is showing signs of wanting to move higher. Today’s intraday high of 12.85 is the highest level the stock has touched in more than 4 weeks. Short-term technical indicators are strong and the MACD on the daily chart produced a new buy signal. The RSI is rising above its 50% level and the AC/AD line is moving up again, it means the stock is being accumulated. In addition, all SMAs have started moving up. If the stock can break today’s high of $12.85, we should see a strong follow through move.
( click to enlarge )Procera Networks Inc (NASDAQ:PKT) Very strong bullish engulfing candle today, this one has room to run to $13. Stop 10.74
( click to enlarge )VirnetX Holding Corporation (NYSEAMEX:VHC) shares successfully broke the resistance of 20 with high volume. This is a very bullish development. The MACD on the daily chart recently produced a new buy signal. If the stock can break today’s high of $21.48, we should see a strong follow-through move.
( click to enlarge )Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) Looking for a bounce from these levels.
( click to enlarge )Watch Telephone & Data Systems, Inc. (NYSE:TDS) to go higher. The stock had good volume and a nice bullish engulfing candlestick today
( click to enlarge )Keep on watch, if VIVUS, Inc. (NASDAQ:VVUS) breaks 50-day SMA, should make a good long.
( click to enlarge )Charter Communications, Inc. (NASDAQ:CHTR) 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.
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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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