Stocks to Watch: FB, LVS, NFLX, NVDA

Las Vegas Sands Corp. (NYSE:LVS) had a nice rebound a few weeks ago and has been consolidating here. The stock is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance is at $56.55. If this level is crossed and the stock is able to sustain above this level, then it might go to $60. On the technical side, chart also indicates bullish sign as the 20-day exp moving average has crossed above 50-day exp moving average with AC/DT line going up and MACD in positive territory. Stop 53.85.

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The longer-term daily chart is still looking bullish but there are signs of weakness. Netflix (NFLX) stock price formed a small rounding top pattern and dropped to the 240 level where it appears to be getting support. The 50-day exp moving average is currently at 232.66, which is just below the support level of 240. A drop below this support will form a bearish pattern which can open the doors to a deeper correction. The technical daily indicators are beginning to look bearish. The MACD is below its signal line and the RSI is about to drop below 50. The short-term trend is bearish and a move to the 50-day EMA appears likely IMHO.

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Facebook Inc (NASDAQ:FB): Technical indicators are in extreme overbought conditions. Use dips to add.

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NVIDIA Corporation (NASDAQ:NVDA): The near-term trend is slightly bearish and the stock faces a strong resistance at 14.80. A close above this range is a pre-requisite for the reversal of the bearish trend.

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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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