( click to enlarge )Zynga Inc (NASDAQ:ZNGA) is ready for a possible rally if breakout key resistance level of 4.12 with big volume. The MACD rising in positive territory and the stock price is above all the major moving averages. Keep on watch.
( click to enlarge )Amarin Corporation plc (NASDAQ:AMRN) jumped over 24% today to close at $1.91. It ended the day trading 16 million shares and closed near the highs of the day. I would not be surprised to see this stock over $2 in the next few days.
( click to enlarge )Netflix, Inc. (NASDAQ:NFLX) The technical daily indicators are looking weaker, than the week before. The MACD is still positive but falling and RSI is at its 50% level but headed down. The stock made a new high of 389.16 last month, but none of the technical daily indicators ( such as MACD ) came even close to a new high. From a technical standpoint, this is clearly a negative divergence. If the stock price breaks the 20-day EMA then the stock could quickly fall to around the $318 level. Insider selling also indicates bearishness.
( click to enlarge )The chart pattern of Himax Technologies, Inc. (NASDAQ:HIMX) is looking slightly more bullish now. The MACD is touching the signal line and ready for a bullish cross. In addition, the RSI and stochastic are also supporting its uptrend move. Next resistance lies at today's high of $9.60 and then at $10.49.
( click to enlarge )Citigroup Inc (NYSE:C) Watching for $51.56 breakout. All indicators are in favor of an upward price movement.
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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.
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AC
