( click to enlarge )Dyax Corp. (NASDAQ:DYAX) broke out to new highs on heavy volume. The uptrend is intact and signals further bullishness on this stock. According to the technical daily chart above, this is a strong stock as the MACD is on top of signal line and in positive territory, while stock price is above 50-day and 200-day exp moving averages. I think it is a buy on any dip with a stop loss placed under the breakout point.
( click to enlarge )Gogo Inc (NASDAQ:GOGO) Holding up nicely after a nice move on Monday. Go long when it clears 19.18 on volume. The technical daily chart still shows bullish sign as the stock is trading above both 20-day and 50-day moving average with both moving averages going upward. The other technical indicators such as MACD and RSI also show buy signal as MACD is above 0 and RSI line is above the 50% level.
( click to enlarge )Pengrowth Energy Corp (NYSE:PGH) Keep a close eye on this one tomorrow, looks ready to break out into new high territory.
( click to enlarge )Eastman Chemical Company (NYSE:EMN) Keep on watch, may break this resistance line and fill the gap.
( click to enlarge )Penn National Gaming, Inc (NASDAQ:PENN) Nice price movement on decent volume today. Looks ready to break this triangle to the upside. Next buy when it clears 58.79 on heavy volume.
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
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.
Thanks for visiting AC Investor Blog.
AC
