Stocks in Play for June 29 (AMZN, GNBT, LVLT)

Shares of Citigroup (C) closed again above its 200-day moving average of $3.99, a bullish sign that puts the next stage of resistance at $4.09 ( 50-dma ). On the technical chart, we can see a few things going on here. First, the stock is testing a horizontal trendline acting as potential resistance. Also, stochastics are indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock as indicated by the OBV.

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This is another stock I am watching closely. Generex Biotechnology (GNBT) can pop big time on any positive news. The technical daily chart is showing a double bottom here. In addition %K line has just crossed on top over %D line showing strong buy signal as ROC is at oversold level. On balance volume is also showing positive divergences. I will look to buy if the stock breaks above 0.345.

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Level 3 Communications (LVLT) has pulled back into support and may offer some value here.

(click to enlarge) (AMZN) is at critical support near $115.94. The stock could go either way depending on how it deals with a major trendline.

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Other stocks to watch:

New 52-week High stocks

NEM – Newmont Mining GOLD – Randgold Resources
EGO – Eldorado Gold NBIX – Neurocrine Biosciences
SLW – Silver Wheaton PPO – Polypore International
BVF – Biovail Corporation ENZN – Enzon Pharmaceuticals
OVTI – OmniVision Technologies ILMN – Illumina, Inc.
ENTR – Entropic Communications COO – The Cooper Companies
TIBX – Tibco Software NXTM – NxStage Medical
UXG – U.S. Gold Corporation CPNO – Copano Energy
SUN – Sunoco SRCL – Stericycle
AIPC – American Italian Pasta Company LOOP – LoopNet
VRX – Valeant Pharmaceuticals VSI – Vitamin Shoppe


New 52-week Low stocks

NOK -Nokia Corporation SVU – SUPERVALU INC.
RIMM – Research In Motion IM – Ingram Micro
KBH – KB Home AGD – Alpine Global Dynamic
JCP – J.C. Penney BRKL – Brookline Bancorp
AMTD – TD Ameritrade Holding NMR – Nomura Holdings
MON – Monsanto Company


List of stocks whose MA 13 crossed above the MA 50 ( Bullish Cross )

LLY – Eli Lilly & Co. CCK – Crown Holdings
NSM – National Semiconductor LBTYA – Liberty Global
HGSI – Human Genome Sciences NEE – NextEra Energy
ADM-A – Archer Daniels Midland FTO – Frontier Oil Corporation
ABB – ABB Ltd NSC – Norfolk Southern
SLM – SLM Corporation RVBD – Riverbed Technology
PHG – Koninklijke Philips Electronics ALKS – Alkermes
CLNE – Clean Energy Fuels ACL – Alcon
NUAN – Nuance Communications USU – USEC Inc.
UN – Unilever N.V. OC – Owens Corning


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 324 Articles

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

Visit: AC Investor Blog

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