-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Top Trade Ideas for the first trading day of the year » | Wishing you a very happy 2012 !!!! » | Stocks to Watch for the Last Day of 2011 » | Few setups for your watchlist » | New Long Setups To Watch » | Stocks on Watch For Tomorrow » | A Very Happy Christmas to all my Readers !! » | Momentum stocks to watch before Christmas day » | Watch these Stocks Tomorrow » | 3 Long setups to watch on Wednesday » 

Tuesday, January 03, 2012 

5 Stocks Worth Watching

( click to enlarge )

Shares of USEC Inc. (NYSE:USU) soared 13% or 15 cents to $1.29 per shares on heavy volume. The stock has had a rough time over the past weeks, but today’s bounce could be the first move to recovery. The technical chart shows the stock is in a rally as %K line is rising on top of %D line as the price is back above 20-day moving average. Another bullish indicator is the MACD which is showing a bullish divergence, while we are not so far to cross his neutral signal. In addition, the short-term downtrend line has been broken. At this stage, we can expect to see higher prices in the days to come.

( click to enlarge )

Novatel Wireless, Inc. (NASDAQ:NVTL) has been under pressure recently but in the last sessions the stock reversal its trend. I like the chart formation for this stock and expect to see a stronger breakout move. Resistance is now $3.29. Keep the stock on your radar for the next few trading days. If the stock can break through resistance, we should see a strong upside move. I notice that +DI is also above –DI, which indicates a continuation of the up trend. 
 
 ( click to enlarge )
 
Google Inc. (NASDAQ:GOOG) - On the tehcnical chart the present uptrend is getting confirmed as the days go on. The major trend is still bullish as we can see on the chart above. I'm using today’s high of $668.15 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $680.

 ( click to enlarge )
 
Denison Mines Corp. (NYSEAMEX:DNN) broke a key resistance level on a volume expansion. Watching for a close above $1.41
  ( click to enlarge )
 
Smith Micro Software, Inc. (NASDAQ:SMSI) broke its 50-day MA today on strong volume and could eventually rally up to test $1.5 area. In addition KD also indicate positive momentum.

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

Labels: , , , ,

Bookmark and Share

Hi,

Can you suggest some possible reasons for why a stock (e.g. XNPT) always has a hugh volume at the last minute?

Thanks.

Post a Comment
Contact

About Me

    Photobucket
  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google