( click to enlarge )Recon Technology, Ltd. (NASDAQ:RCON) looks very bullish on charts. The stock made a breakout of its recent high with high volumes closing the day with a gain of 60 cents to $5.27. For now, expect a run up to next resistance area around $5.50. Technical indicators are supporting the bulls.
( click to enlarge )Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) broke and closed above its 50-day exponential moving average with high volume. Short-term technical indicators are improving and ADX on the daily chart produced a new buy signal. If the stock can break Wednesday’s high, we should see a strong follow through move. ACHN will move very quickly, so keep a very close eye on the stock.
( click to enlarge )NiSource Inc. (NYSE:NI) Looking for a breakout above 34.81. Momentum picking up with MACD climbing and RSI rising. Buy stop set.
( click to enlarge )Goldman Sachs Group Inc (NYSE:GS) Possible Bottom. The stock has a 52 week high of $181.13 and traded over $180 in early of January. I think the stock could be close to bouncing from current levels. The technical indicator MACD has started to converge on the signal line, and could be ready to do a bullish cross-over. Stochastics are also starting to show an upward move.
( click to enlarge )First Solar, Inc. (NASDAQ:FSLR) We are getting closer and closer to a resolution of the current descending channel. If it breaks the channel to the upside it is likely to continue up to 58 and ultimately test $62. The positive divergence on daily MACD, shows that momentum is picking up. The indicator RSI is also moving up and above its 50% level. Additionally, short-term EMAs are moving up. A breakout to the upside is possible, initiating the next wave higher. Keep it on watch.
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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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