Stocks in Play for July 30 (AKAM, INTC, ROYL, SOHU)

Shares of Intel (INTC) touched near the 200-day moving average from above but failed to break through the support line. If the stock price remains above this critical level, then investors may continue to buy the shares in anticipation of an upward price move. If shares of Intel fall below this major support line, the trend of the stock may change. INTC has been in a short-term downtrend since last week, but it might have finally found a bottom. Today, the stock closed down $.30 on a volume of over 77 million of shares. INTC is trading above the 50 day moving average and the 200 day moving average. The stock’s 52 week low is $18.31 and 52 week high is $24.37. I still like this stock and will be watching it again on Friday, expecting to see a rebound. Resistance for Friday is $21.48, which was today’s high.

(click to enlarge) (SOHU) has rallied from below $40.5 to above $48 in just one month, a gain of over 20%. The technical daily chart shows very strong upward momentum as the stock is trading above the 50 day moving average with both 13 day and 50 day moving average going up. At this point, buy the stock only when it crosses $48.77 and not at current levels. Stochastics and the RSI are overbought but remain bullish signaling.

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Royale Energy (ROYL) – The technical daily chart above shows possible new rally as %K line has crossed again on top over %D line. In addition the price is back above 50 day moving average.

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Akamai Technologies (AKAM) – The stock broke the bullish trendline mentioned in the chart that started in February.

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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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