( click to enlarge )Xinyuan Real Estate Co., Ltd. (NYSE:XIN) looks ready to breakout here. If you look at its technical chart above, you will see a tight consolidation that has occurred this past two weeks. The upward pressure built up over the last few sessions is very good and I believe that the stock could pop any moment now above its 200-day exp moving average. The daily technical indicators are bullish as MACD momentum and histograms trend higher in positive territory and CMF is moving up.
( click to enlarge )DryShips Inc. (NASDAQ:DRYS) had a nice bounce today on decent volume. This could be the start of a possible breakout move. If the stock can break through $3.64 tomorrow, buy the stock and watch it take off. Stop 3.38
( click to enlarge )Citigroup Inc (NYSE:C) made a strong run in the last hour of the day, closing at highs of $48.14. The stock price is forming a bullish MACD divergence on the daily chart that is certaintly a sign that price can go up.
( click to enlarge )Molycorp Inc (NYSE:MCP) The trend is beginning to shift towards bullish. The stock closed slightly higher, as it hit a high of $5.14 on the day. Today’s high is resistance for a follow through move on Wednesday. Looking at the technical chart above MACD and ADX both signal positive strength. The stock still trading above 9-day and 20-day exp moving average, also a bullish sign.
( click to enlarge )I mentioned Microsoft Corporation (NASDAQ:MSFT) this morning (check this out) as a stock I was watching for an entry on and finally today it broke the cup and handle pattern with the money flow creeping up. Keep a close eye on the stock tomorrow for the follow through move.
( click to enlarge )Nike Inc (NYSE:NKE) continues to consolidate below the $80 level but with $77 support intact. Further rally is still in favor as long as the minor support holds.
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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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