( click to enlarge )TriQuint Semiconductor (NASDAQ:TQNT) - Possible trend reversal taking place. The slow Sto is just turning up while the MACD is also confirming the Sto’s signals as it is increasing. I expect to see a good upside move once the stock breaks through resistance now at $5.06
( click to enlarge )Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) has been on fire the past few days and it doesn’t look like the trend will change soon. The stock hit a new 52-week high of $3.49 during the day, vaulting over its previous high of $3.47 set in March. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0 and %K line on top of %D line. ARNA has a lot of upside potential, so watch the stock closely.
( click to enlarge )Career Education Corp.(NASDAQ:CECO) - Is on the top of my watch list due to the recent price action, volume and momentum.
( click to enlarge )Amazon.com, Inc. (NASDAQ:AMZN) formed an interesting pullback retracement to the rising 13 day SMA, forming a possible Bull Flag in the process suggesting a possible upside swing.
( click to enlarge )XOMA Corporation (NASDAQ:XOMA) continues to consolidate, but could make a breakout move soon. The stock is sitting on its 10-day moving average, gaining momentum for an upcoming move. Resistance is $3.17. I expect to see a strong upside move if XOMA can break through this resistance level. Watch the stock closely.
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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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