Trade Ideas: EBIX, BBRY, SCTY

Ebix Inc (NASDAQ:EBIX) remains extremely oversold and is gaining momentum. We have all seen how quickly the stock can head higher, when the buyers come. I believe the stock is ready to post a sizable bounce and I do not see any resistance on the technical chart until $12. A stop loss should be placed below 9. Keep it on your radar this week.

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Research In Motion Ltd (NASDAQ:BBRY) closed back over the 50-day exp moving average, ending the day at $14.56 with decent volume. The immediate support level is now adjusted to $14.18 followed by $13.61 and the short-term resistance continues to be located at $15 followed by $16.2. Several indicators are giving buy signals.

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This stock deserves some consideration as a bounce candidate. SolarCity Corp (NASDAQ:SCTY) has been holding up well over the 32.5 area for quite a while. Any close above the recent pivot high of 37.98 will reinstate bullish trend. On watch.

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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.
About Antonio Costa 325 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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