( click to enlarge ) Today's move created a number of technical analysis buy signals. The stock was consolidating between 30&31.61 for last 1 month and made a breakout of its previous high on very high volumes. The chart also shows a bullish MACD crossover, the RSI is moving up and above its 50% level. Microsoft Corporation (MSFT) stock is now testing the resistance level. Look for a break above the 32.95 level to enter longs for a target move to 35. If the stock does not breakout and pullsback look for an entry near the 50 DMA ( Blue line). ( click to enlarge ) Towerstream Corporation (TWER) The 50 day MA on daily is still acting as support. Could be a high flyer on breakout, look for break above 4.80 to enter longs. ( click to enlarge ) Under Armour Inc (UA) After drifting for weeks, the stock finally broke out of a consolidation today and reached a new 52-week high. Today’s high was $102,86, which is resistance for the follow through move. If the stock can break through this level, expect to see heavy volume drive the stock higher. ( click to enlarge ) Amazon.com, Inc. (AMZN) The stock is now trapped between 190 and 195 levels. Long positions can be considered with a stop loss of 184.90 on daily closing basis. Targets are 200 and 206. Watch to see what it does here. ( click to enlarge ) There has been a persistent decline in First Solar, Inc. (FSLR) shares since mid of February tempered with short-lived and unconvincing rallies. From the technical chart the short-term trend is still weak as the stock is still below its 50 and 200-day moving average. The stock needs to close above $22.89 in order to alleviate the negative near term view. Next support is at $20.60, followed by $20.02. ( click to enlarge ) Dendreon Corporation (DNDN) had another very productive day as we saw gains of over 3% and I believe it has more room to run. The short-term outlook remains positive for the stock. DNDN finds an immediate resistance at 10.74 and support at 9.88 followed by 9,72.
updated Apr 20, 2012
Sign up to get our newsletter with money saving tips, travel hacks and more - no spam.
discounts & deals from all banks in one app?
At GET.com we compare credit cards and rate them objectively based on the credit card's features, interest rates and fees.
Cards are rated by our team based primarily on the basis of value for money to the cardholder. The GET.com team rates each card based on its annual fee, rewards, benefits, bonus, introductory APR, ongoing APR, flexibility (in how its benefits can be used and how rewards are earned and redeemed), and other card features.