( click to enlarge ) Early this morning Facebook Inc (NASDAQ:FB) started a rally that saw the stock break $20.63, its 50-day moving average. After that break, the stock soared to a high of $22.50 before closing the day at $22.28. The next point of interest is the 100-day moving average at $22.93. The technical daily chart shows bullish signa as MACD is back above 0 and %K line is on top over %D line. I think investors are starting to realize the value of these shares.
( click to enlarge ) Insmed Incorporated (NASDAQ:INSM) continues to hold its ground. Breakout watch over 7.75
( click to enlarge ) Research In Motion Limited (NASDAQ:RIMM) had another day holding strong above its 13-day moving average and looking poised to test its recent highs at some point in the near future. The technical daily chart looks positive as 50-day moving average has crossed on top of 200-day recently to form Golden Cross.
( click to enlarge ) FormFactor, Inc. (NASDAQ:FORM) Looking to make a move after hitting new lows. Traders and Investors are always on the look out for stocks that have fallen dramatically, FORM now seems to be on the list. Catching a falling knife on good fundamentals stocks can be a very lucrative proposition and in FORM's case the 50-day moving average sits at $5.04 a share. A rally from the current levels could see very little resistance to the upside. From a fundamental stand point the stock is cheap at current price: trading below cash level (5.18 cash per share) and with a book value of 6.45
( click to enlarge ) WuXi PharmaTech Inc. (NYSE:WX) continued its rally today as the stock closed near the highs of the session, and its highest level since this rally began in mid of October. Bullish volume pattern on the daily. Could retest the highs tomorrow.
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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
