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Stocks to Watch for May 7, 2013

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3D Systems Corporation (NYSE:DDD) is a good momentum stock and looks great for a test of the highs. The chart is showing a strong bullish bias. OBV is increasing, indicating accumulation of shares in the market and MACD is indicating upward swing. I'm using today’s high of $43.72 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $45.63
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FormFactor, Inc. (NASDAQ:FORM) closed above its 200-day exponential moving average for the first time since July 2012, indicating a strong bullish signal. The bias is bullish in nearest term targeting $5.25 resistance area.
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Bank of America Corp (NYSE:BAC) is on the verge of a breakout and there is plenty of room for upside. The stock closed up 64 cents today and looks poised to make another move on Tuesday. From my point of view there are solid and consistent buyers here. BAC's chart suggest that increased buy side activity could push share prices to much higher levels. The short-term outlook for the stock remains positive. The MACD also confirms the recent jump and RSI shows that there is more upside to come. A close above $12.94 would have positive implications and could push the stock to the 13.2-13.26 range.
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SunTrust Banks, Inc. (NYSE:STI) Chart looks bullish. Keep an eye for a possible breakout over $30
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Netflix, Inc. (NASDAQ:NFLX) is holding on to its recent gains, but it looks like is losing some momentum for the short term. I'm looking for a possible pull back here.
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Research In Motion Ltd (NASDAQ:BBRY) has entered into a consolidation phase after rising very fast in the last two weeks. The bias remains bullish in nearest term. Immediate resistance remains at $16.59. Break above that level could trigger further bullish momentum towards $17 area. Initial support remains at $15.01 ( 20EMA ). I expect positive trend in the stock to continue with immediate target placed at $17.22.
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Cabelas Inc (NYSE:CAB) on the way to potential breakout over $66.24
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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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