( click to enlarge )Nice tweeted under $2.04 !!! Gevo, Inc. (NASDAQ:GEVO) broke out of a Bullish Pennant chart pattern during Tuesday's trading session on great volume. I think we will see a nice follow through tomorrow. This was a $9 stock less than 9 months ago. With almost 18% ( 5.9 Million shares ) of the float short, this stock is due for a big move higher, in my opinion. Shorts need to buy back stock to profit from their bets ;) which only adds fuel to the FIRE :). From a technical standpoint, the RSI is moving up and above its 50% level. The daily MACD continues to trade in the positive zone. The accumulation/distribution line is also turning up which means there is more money flowing into the stock. The next resistance area is around the mid $2.7 range.
( click to enlarge )This stock is quietly gaining momentum. Cell Therapeutics Inc (NASDAQ:CTIC) looks ready to break a recent high of $1.59. If the stock can manage a breakout above this level on high volume, it would be a great buying opportunity but only on a breakout. Keep it on your watch list going forward.
( click to enlarge )Amazon.com, Inc. (NASDAQ:AMZN) The company reported earnings after the close and the market loved what they saw. The stock is trading up after-hours and I expect it to gap open on Wednesday. I'm using the all-time highs of $284.72 as resistance.
( click to enlarge )SUPERVALU INC. (NYSE:SVU) closed at 3.91, up 23 cents for the day reconfirming the new uptrend after the recent break above the major resistance on expanding volume.
( click to enlarge )American Water Works Co., Inc. (NYSE:AWK) That is a good looking chart. It's a buy on a break of 38.9 with solid volume. Stop 37
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
