( click to enlarge )Research In Motion Ltd (NASDAQ:BBRY) The technical chart shows possibility of new rally as the stock bounced up after dropping back to EMA50. Further rebound is expected to test 15.55. If a break above this level occurs, price could eventually target the 16 region to the upside. Initial support is at 14.50, only a fall below this level accompanied by strong volumes will signal deeper decline to retest 14 level. The medium term trend is positive as the stock is trading above both 50-day and 200-day exponential moving averages.
( click to enlarge )Alpha Natural Resources, Inc. (NYSE:ANR) Bullish engulfing bar here, more upside to come imo. Next buy when clears EMA50 on heavy volume.
( click to enlarge )Facebook Inc (NASDAQ:FB) Closed below the EMA200 on high-volume. Looks ready to test the recent lows from the middle of April ! Avoid.
( click to enlarge )Cliffs Natural Resources Inc (NYSE:CLF) Setting up to take out this resistance area to the upside. If it does so on high volume, one can go long with a tight stop at 19.9
( click to enlarge )Baidu.com, Inc. (ADR) (NASDAQ:BIDU) closed above the EMA200 for the first time since January with heavy volume. We start to see now some signals of rebound as the technical chart shows positive momentum is back. In addition, the EMA20 recently crossed on top over EMA50 which is a very positive sign.
( click to enlarge )Silver Wheaton Corp. (USA) (NYSE:SLW) Very strong bullish engulfing candle on daily. Possible bottom play, stop right below support.
( click to enlarge )Kimberly Clark Corp (NYSE:KMB) Broke EMA20 support today. It should test the EMA50.
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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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