( click to enlarge ) As I discussed on Friday of last week the most recent pullback was a great buying opportunity. Shares in Pharmacyclics, Inc. (PCYC) closed the week with a new all-time high over 40, closing up $2.76 to 39.49, on strong volume of 2.1 million shares trading hands. Chart is Bullish but a pullback would be nice. ( click to enlarge ) Apollo Group Inc (APOL) is perking up with good volumes after a decent consolidation period. The stock closed the week above the 50-day MA for the first time since February. A move beyond 35.29 will take it to 36.25 and 37.36. Stop loss is 32.50 on daily closing basis. Like the MACD trend, RSI and MFI trending higher. ( click to enlarge )Sodastream International Ltd (SODA) - Closed right at the 200-day sma. If it can get above it, may run hard. The MACD is rising and the RSI is suggesting a continuation of the uptrend. Considering the above, I will watch out for 35.36 which is the key level for next week. ( click to enlarge ) Zynga Inc (ZNGA) continues to trade below its key DMA's. The MACD is in the negative and is showing some signs of rising, however the Parabolic SAR continues with its sell signal. Above 6.36, I will open long positions with an initial target of 6.88. ( click to enlarge ) As I discussed yesterday, the up and above direction on the shares of Zalicus Inc(ZLCS) continued unabated. The stock is trading well above all its key DMAs, indicating that the up trend is still intact. It now reached overbought conditions so at these levels we should have some cautions. The stochastics are also deep in the overbought zone, and a mild correction cannot be ruled out at this stage. However, I will wait for a reversal signal to actually happen before I take that view. The Parabolic SAR continues with its buy signal. Above 1.36, I will open fresh long positions with an initial target of 1.54.
updated Jun 08, 2012
Sign up to get our newsletter with money saving tips, deals and coupons - 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.