( click to enlarge ) Today's chart of the day is America Movil SAB de CV (AMX). What I like about this stock is the relative performance it has exhibited in the last few days with respect to the overall markets. AMX's chart pattern continued its bullish fervour today, making another new high of $28.47 accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. The bulls may continue their domination but you should be prepared for a possible correction due to the overbought state on momentum indicators. ( click to enlarge ) Pacific Biosciences of California (PACB) - From the chart above I saw a possible double bottom forming with MACD bottoming. Although the bottoms are not equal, they represent rejection from going below 2.25. The fast Sto is just turning up, giving positive signal. The MACD is also turning up, showing good signal and confirming the Sto. The RSI indicator is increasing, providing an advancing of uptrend incentive. ( click to enlarge ) Today was another good day for Affymetrix, Inc. (AFFX). The stock finished the day up 6% on huge volume of over 1.5 Million of shares traded and is already up more than 9% since my initial alert on twitter. From a technical standpoint, the MACD momentum has turned positive and Stochastic are on a strong uptrend which when combined with the strengthening MACD could spell a strong move for the stock. The stock is beginning to turn and I want you to be able to see as much of this move as possible. ( click to enlarge ) Avis Budget Group Inc. (CAR) - Old alert, 16.97 break out. ( click to enlarge ) Citigroup Inc.(C) stock had a nice move closing the day at $31.67. The stock seems to want to bounce off the 200sma again and the increased volume shows there were buyers in the stock. I'm looking to buy the stock above today’s high of $31.98 and we could see a nice quick pop above the $33 price level. Let's keep an eye on C as i think momentum will pick up. 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.
updated May 07, 2012
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