( click to enlarge )Shares of Leap Wireless International, Inc. (NASDAQ:LEAP) surged 3.62% to $6.29 per share continuing the rally which begins earlier this month. The stock closed at the highs of the day and I am expecting another move higher tomorrow. The technical chart shows the stock is in a short-term bull market with 20-day MA on top over 50-day MA and RSI above the 50% level. The MACD is moving up in the positive zone and is above the signal line. I think the stock should continue to go up.
( click to enlarge )Corinthian Colleges Inc (NASDAQ:COCO) closed slightly below the high of the day which is very bullish and was trading above 50-SMA for the sixth straight day. The resistance continues to be located at $2.71 followed by $3.09
( click to enlarge )Ferro Corporation (NYSE:FOE) The stock broke a key resistance level on a volume expansion.
( click to enlarge )Rosetta Genomics Ltd. (NASDAQ:ROSG) had heavy volume come into the stock as it closed up 90 cents on 2x normal daily volume. The heavy buying makes this an interesting situation and one worth watching on Tuesday. The technical chart above suggests that stock might find now resistance at $6.72. Only a close above this level would suggest further upside. Remain invested with a stop loss at $5.15.
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
