( click to enlarge )Dendreon Corporation (NASDAQ:DNDN) was a winner today. The stock rose 15 cents, or 5.9 percent, to $2.69. The technical indicators are displaying good signs and the short-term outlook for DNDN appears positive. A close above $2.76 (50EMA) would impart bullishness and would help the stock move to the 3-3.2 range. Stay tuned.
( click to enlarge )Chart looks bullish. Keep an eye for a possible breakout over $5.91
( click to enlarge )Associated Estates Realty Corporation (NYSE:AEC) made a strong upside reversal today on heavy volume. The technical chart above suggests that stock might find now resistance at $16.57. Only a close above this level would suggest further upside.
( click to enlarge )Hewlett-Packard Company (NYSE:HPQ) is looking like the stock price has some more room to the downside here. The near-term outlook is bearish and the stock could drop to the 24-23.5 range. The technical chart shows bearish signs with the stock below its 9 & 13 exp moving averages. In addition, other technical indicators such as MACD and KD also show sell signal as MACD is below signal line and %K line is dropping below %D line.
( click to enlarge )E-House (China) Holdings Limited (NYSE:EJ) needs to hold the breakout level near the 10.25 level in order to keep the bullish outlook alive.
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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
