( click to enlarge ) On Tuesday, I mentioned PulteGroup, Inc.(NYSE:PHM) as a potential breakout play. Sure enough, the stock broke out today. Technical chart shows very strong bullish sign. I'm using today’s high of $13.75 as resistance for Friday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. You should use the pullbacks as an opportunity to add fresh longs.
( click to enlarge ) D.R. Horton, Inc. (NYSE:DHI) had a great move on the upside and closed at 18.92. The stock is inching closer and closer to another breakout move. Volume looks like it is picking back up and the technical indicator MACD has crossed over. Look for a break above the 19.31 level to enter longs.
( click to enlarge ) Weyerhaeuser Company (NYSE:WY) broke out on good volume. The stock hit a high of $24.50, which is resistance for the follow through move. You should watch this stock closely on Friday.
( click to enlarge ) Sarepta Therapeutics Inc (NASDAQ:SRPT) had a strong surge on big volume today. The stock is poised for a breakout to new 52-week highs, but it may pull back a bit and consolidate before it moves up again. On watch.
( click to enlarge ) FormFactor, Inc.(NASDAQ:FORM) - On the technical daily chart above, you can see that the accumulation/Distribution line is gradually increasing indicating people are buying shares rather than selling them. Additionally, Slow Stochastic is way oversold and the Chaikin Money Flow is improving again indicating more buying than selling pressure. According to Yahoo Finance, FORM has $5.56 per share in cash and has a book value of $6.65, so these shares are trading below cash levels and book value.
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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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