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( click to enlarge )Garmin Ltd. (NASDAQ:GRMN) closed the last session of the week on a negative note, slipping 1.81 percent to 52.10 on higher volume. The stock also closed the week below its 200-day exp moving average which indicates that it is likely to retest the 50 level again. The technical chart above shows weakness as signaled by the moves of trend and momentum indicators. Price is now below all the EMAs and daily chart suggests more bearish bias. A clear break and daily close below 51.15 - 51 could trigger further bearish pressure testing 48 area.
( click to enlarge )Rambus Inc. (NASDAQ:RMBS) failed to continue its bullish momentum on Friday, after unable to make a clear break above the 13.31 area. However, the bias remains bullish in nearest term especially if the stock is able to stay consistently above the 12.4-12.50 region. Aggressive traders can go long around 12.67 with a tight stop loss of 12.26 for a target of 13.50. Key technical indicators suggest continuation of the up ward momentum.
( click to enlarge )InterDigital, Inc. (NASDAQ:IDCC) is breaking down on daily with increasing volume. This technical chart shows clear weakness. The moves of trend and momentum indicators on daily charts point to more down side for the stock. I believe it will fill this gap quickly.
( click to enlarge )Twitter Inc (NYSE:TWTR) attempted to push lower on Friday but was unable to move below immediate support of 50. The overall bullish bias remains intact testing 53.64 however with some cautious due to the negative MACD divergence, signaling a slowing momentum. Immediate support is seen around 51.25 (9EMA) followed by 49.87 (20EMA).
( click to enlarge )Chuy's Holdings Inc (NASDAQ:CHUY) is flagging here. Could pop nicely over 31.73
( click to enlarge )Facebook Inc (NASDAQ:FB) also looks great. The stock has been on a nice uptrend recently and could be ready to breakout after strong volume in the last trading session.
( click to enlarge )Gogo Inc (NASDAQ:GOGO) tried to break out last week but failed. At this point the stock remains bullish as price is above all EMAs and MACD is rising above 0. $20 is the pivot level to watch next week. Wait for the break to enter long.
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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
