After making a big move in February, Sirius XM Radio (SIRI) has been in a consolidation mode. I feel the stock is going to make an upside move soon. Resistance is $1.13, which is the top of the consolidation range. This is a fast moving stock, so watch it closely but use your stops if it fails on the breakout.
I’m putting Hemispherx BioPharma (HEB) back on the list for another week, because I think the stock is going to move soon. Resistance is $0.491. Once the stock breaks through this key resistance, we should see strong volume as the stock will breakout and move higher. Keep watching the stock.
Looking at the technical chart, the short term uptrend line still intact. As long as the Cirrus Logic (CRUS) trades above this short-term support, investors can hold it with stop-loss at $14.95. If the market can move positively tomorrow, we may see a little short term run. I would say to $17.56 at least.
HSP broke out today accompanied by volume and should continue this move tomorrow. The stock has a lot of upside and I’m a buyer once it breaks through Tuesday’s high of $58.35. As you saw today, Hospira (HSP) can move quickly, so watch the stock again tomorrow.
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.