( click to enlarge )Jefferies Group, Inc. (NYSE:JEF) is currently trading in a tight flag and is certainly worth watching on a break of the flag. Fresh buy should be initiated only when the stock moves above $13.50
( click to enlarge )InterDigital, Inc.(NASDAQ:IDCC) made a nice upside reversal today. The technical chart above suggests that stock might find now resistance at $33.08. Only a close above this level would suggest further upside. Both RSI & MACD are bullish as the MACD continue to trend upwards and the RSI still above the 50% level. I'm long on this stock with a strong position and not afraid of the daily fluctuations.
( click to enlarge )Sprint Nextel Corporation (NYSE:S) has proven its bullishness. In last trading session, the stock has given a breakout by closing above $5 price level which has proved to be a strong resistance in past trading sessions. Today’s high was $5.49, which is resistance for the continuation move on Thursday.
( click to enlarge )Electronic Arts Inc. (NASDAQ:EA) Look for a break above the 13.16 level to enter longs. From a technical standpoint the RSI is moving higher, which is a sign of growing strength in the stock and the MACD still above zero line. Keep a very close eye on the stock as it will move quickly once it breaks through resistance.
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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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