Motorola (MOT) shares finally broke out above their previous high in April rising to a six month high. The big picture has drastically changed now, the medium term trend remains bullish and in shorter time frames the stock has just breached the horizontal resistance line confirming a breakout. The real challenge lays ahead at 8.35/8.60 and 8.69 levels, breaking through would leave open space to a bullish rally towards $9. As long as the stock trades above $7.50 I will be looking for long opportunities.
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Looking closely at the technical chart of Sohu.com (SOHU), we can see a descending wedge formation. This pattern has generally bullish implications and I’m also noting a bullish divergence on the RSI. Buy SOHU only when the stock price rises above the upper trendline at $43.65. I’m a bear but I can’t ignore technical evidence. I’ll keep you guys updated.
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Intel (INTC) – choppy price action in today’s session but the stock still holding above its major moving averages. Today’s reversal candle signals some more gains ahead, first obstacle is at 21.6/21.69.
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MACD Bullish Cross
| GGII – Green Globe International | IMAX – Imax Corporation |
| AMGN – Amgen Inc. | POSC – Positron Corp |
| APA – Apache Corporation | VRX – Valeant Pharmaceuticals |
| DRE -Duke Realty Corporation | HUM – Humana |
| TSLA – Tesla Motors Inc | ZTR – The Zweig Total Return Fund |
| IR – Ingersoll-Rand PLC | ORLY – O’Reilly Automotive |
| CI – CIGNA Corporation | UVFT – UV Flu Technologies |
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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.
