( click to enlarge ) Riverbed Technology, Inc.(RVBD) looks good for higher prices. After a nice consolidation, I believe the stock is poised to break next buy / add area (200-day moving average) and back over the $20 level. Short term indicators are positive. A buy signal would be given on a break above resistance at 19.84, with the next resistance then at 20.09, 20.45 and 21.02. Support is at 19.01 and 18.61
American Axle & Manufact. Holdings, Inc. (AXL) touched the 200-day SMA once again on Friday where it was quickly bought up. From a technical perspective this is a good sign of institutional support. I believe the stock should begin to move up quickly, once it clears the area of congestion that its currently in. I'll use a buy stop to buy this at $11.
I hesitated to mention Hanwha Solarone Co Ltd (HSOL) on twitter but the stock cleared back over the 50-day SMA on heavy volume Friday, while most of the market was falling. So I think it deserves a mention. Daily MACD gave a buy signal, while RSI and stochastics have turned up. Good long setup, if it takes out the 200-day SMA on volume.
Radian Group Inc.(RDN) Good winner this week. Looks really good making new highs on volume and holding the breakout. Next buy area when clears 5.82 on heavy volume. ( click to enlarge ) GT Advanced Technologies Inc (GTAT) is starting to stabilize. If the market shows a little bit of optimism the stock could bounce back up to its 20-day moving average at $3.20. Short interest hit a new high on December 14 at 38.050.165 shares. Short ratio is about 9 to 10 days. ( click to enlarge ) Amarin Corporation plc (AMRN) is very oversold and if the stock can hold the $7.60 price line may be a good bounce play.
Thanks for visiting AC Investor Blog. AC
updated Dec 29, 2012
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